IFP Exclusive

Shamkhani: Iran, Iraq design new mechanisms for payment of debts to Tehran

The secretary of Iran’s Supreme National Security Council says Iran and Iraq have come up with a new mechanism for Baghdad to pay its debts to Tehran.

Ali Shamkhani said at the end of his visit to Iraq that the agreement coupled with the one with the United Arab Emirates to facilitate bilateral trade, will improve the foreign currency market inside Iran.

Shamkhani said he and the economic, banking, political and security officials, who accompanied him, worked out common and effective solutions with Iraq to remove existing obstacles to mutual cooperation.

He said one such solution was using the Iranian money to buy basic goods and help address the problems of Iranian businessmen in Iraq.

Shamkhani stressed that Iran and Iraq also signed a security cooperation agreement, which he described as “very significant.”

Under the agreement, the top security official said, the two countries will work to eliminate the grounds for malicious activities by anti-Iran groups that operated against Iran’s security from the Kurdistan region in northern Iraq.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Senior advisor to Iran FM: No immediate plans to adjust military advisors in Syria

Ali Asghar Khaji, a Senior Advisor to Iran’s Foreign Minister, stated in an interview with…

3 hours ago

Biden, Xi to discuss China’s support for Russia at APEC summit

US President Joe Biden will meet with Chinese President Xi Jinping on the sidelines of…

5 hours ago

Rights group accuses Israel of crimes against humanity over forced displacement of Gazans

Israel is using evacuation orders to pursue the “deliberate and massive forced displacement” of Palestinian…

5 hours ago

Iran to give ‘immediate response’ to any anti-Tehran resolution by IAEA: Nuclear chief

Mohammad Eslami, the head of the Atomic Energy Organization of Iran (AEOI), has warned of…

5 hours ago

Trump seeking to bring Ukraine, Russia to negotiating table: US National security advisor nominee

Donald Trump wants to bring Moscow and Kyiv to the negotiating table to end the…

5 hours ago

Army commander: Iran to deliver crushing response to Israel

The Commander-in-Chief of the Iranian Army, Major General Seyyed Abdolrahim Mousavi, has vowed a decisive…

5 hours ago