In Memory of Bondlady

WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE


You are not connected. Please login or register

Iran, Iraq ink banking MoU

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Iran, Iraq ink banking MoU on Sat Mar 26, 2016 10:20 am

emmaduke


MEMBER
MEMBER

Iran, Iraq ink banking MoU


Iran and Iraq inked a memorandum of understanding (MoU) in banking sector in Baghdad on March 23.

The MoU was inked in a meeting attended by visiting Governor of the Central Bank of Iran (CBI) Valiollah Seif and his Iraqi counterpart Ali Al Alagh in Baghdad, IRNA reported.

During the visit, the two sides discussed ways for fostering banking cooperation.

Seif and Al-Alagh also agreed for establishing ‘Iran-Iraq Joint Banking Committee’ aimed at monitoring the proper implementation of the mutual banking agreement.

Two weeks ago, Seif said Iran expects economic growth of more than 5 percent in 2016, after lifting of international sanctions over its nuclear program.

The major oil producer’s economy is still struggling and growth is close to zero but many investors are betting that restoring Iran’s links with the world and attracting foreign capital and technology will trigger a long-term economic boom.

In January, world powers led by the United States and the European Union lifted sanctions on the country.

The subsequent leap in Tehran’s stock market in late January and early February gave a hint of the country’s investment potential.

Source: Trend News Agency, 23 March 2016

[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum