Tasnim The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once finalized,...

Press TV - Irans Deputy Minister of Petroleum Amir Hossein Zamaninia says Iraq has to pay in euros for the gas imported from Iran, dismissing the use of the Iraqi dinar for the payment. The National Iranian Gas Company does not agree that the payment for exports of gas to Iraq should be made in dinars because it should be made in euros, according ...

There were conflicting accounts of the reasons for the rise in the value of the US dollar against the Iraqi dinar earlier this month. Politicians and economists have said that Iranian companies boosted the value of the dollar against the dinar by entering theCentral Bank of Iraqs(CBI) auction for hard-currency sales and buying large quantities in order ...