Economy· August 17, 2026 at 12:41 p.m.
Iran Central Bank Chief in Baghdad to Recover $11B and Expand $12B Trade
Key takeaways
- Iran's Central Bank Chief visits Baghdad to recover frozen funds and expand trade
- Current bilateral trade between Iran and Iraq stands at around $12 billion
- Governor Hemmati expressed readiness to provide financial support to Iraq
The Governor of Iran's Central Bank, Abdolnasser Hemmati, has traveled to Baghdad with the aim of recovering approximately $11 billion in frozen funds and expanding bilateral trade, which currently stands at around $12 billion. The visit underscores the growing economic ties between the two countries.