Economy· August 17, 2026 at 02:17 p.m.
Central Bank Chief Advocates for Iraq Debt Settlement and Contractor Access
Key takeaways
- Iran's Central Bank Governor is pushing for a debt settlement with Iraq
- Negotiations between Iran and Iraq are scheduled for March 14th, 2023
- Iranian contractors seek access to Iraqi markets
The Governor of the Central Bank of Iran, Abdolnasser Hemmati, has called for a settlement of Iran's debt with Iraq during negotiations over trade and economic cooperation. The discussions are scheduled to take place in Baghdad on March 14th, 2023. Hemmati also emphasized the need for Iranian contractors to be granted access to Iraqi markets.
The exact amount of Iran's debt towards Iraq is not specified in the report. However, Hemmati stated that the settlement would contribute significantly to improving bilateral relations between the two countries.
In response to this, an unnamed Iraqi official confirmed the upcoming talks but did not comment on the debt settlement or contractor access issue specifically.
Iran and Iraq share a long history of economic ties, with Iran being one of Iraq's largest trading partners. However, relations have been strained due to political and regional conflicts.
The outcome of these negotiations could potentially impact the economic stability of both countries, as well as the broader Middle Eastern region.