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First Iranian bank to open in Iraq
The first Iranian bank will open in Iraq to help boost trade between the two countries, Secretary of Chamber of Cooperatives Hossein Rahmaninia said on Saturday,14 August.
Rahmaninia said that following establishment of the first Iranian commercial center in Sulaimaniya, Iraq, setting up a bank in the country can help augment the economic and commercial ties with Iraq.
He told the inaugural ceremony of the center that opening the bank will meet the needs of the two countries’ economic activists.
The bank will win the trust of the merchants to launch their activities in extraterritorial borders, he noted.
Referring to the presence of 45 Iranian companies in the Iranian commercial center in Sulaimaniya, he said that the establishment of the center serves as an opportunity for regaining Iran’s lost status in the Iraqi markets.
Commercial center is established with the aim of facilitating exports to Iraq and accelerate trade between the two countries, Rahmaninia said.
“Since Iraq was Iran’s largest commercial partner last year, establishment of the center will pave the way for gaining the real status of Iran in extraterritorial markets, especially in Iraq,” he said.
Rahmaninia said that following establishment of the first Iranian commercial center in Sulaimaniya, Iraq, setting up a bank in the country can help augment the economic and commercial ties with Iraq.
He told the inaugural ceremony of the center that opening the bank will meet the needs of the two countries’ economic activists.
The bank will win the trust of the merchants to launch their activities in extraterritorial borders, he noted.
Referring to the presence of 45 Iranian companies in the Iranian commercial center in Sulaimaniya, he said that the establishment of the center serves as an opportunity for regaining Iran’s lost status in the Iraqi markets.
Commercial center is established with the aim of facilitating exports to Iraq and accelerate trade between the two countries, Rahmaninia said.
“Since Iraq was Iran’s largest commercial partner last year, establishment of the center will pave the way for gaining the real status of Iran in extraterritorial markets, especially in Iraq,” he said.