Iran, Iraq to sign currency swap deal to facilitate trade
TEHRAN, Nov. 18 (Xinhua) -- Iran and Iraq are in talks to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries, a trade official was quoted as saying by Tasnim news agency on Sunday.
Iraq is a lucrative market for Iranian goods, and Iranian exports to the Arab country have increased by 30 percent over the past seven months, Yahya Ale-Eshaq, chairman of Iran-Iraq Chamber of Commerce said.
In the mentioned period, goods worth about 6 billion U.S. dollars have been exported from Iran to Iraq, Ale-Eshaq said.