Iran and Indonesia cancel the dollar in bilateral trade
Tehran and Jakarta decided, during the visit of Iranian President Ibrahim Raisi to Indonesia, to strengthen trade and economic relations, raise the level of trade and trade exchange in national currencies, cancel the dollar, as well as conclude 11 cooperation agreements in various economic fields, including the preferential trade agreement.
Today, Tuesday, in a press conference with his Indonesian counterpart, Joko Widodo, the Iranian president said that the two countries have decided to trade bilaterally in their national currencies, noting that they seek to raise the volume of trade between the two countries to $20 billion.
Noting that the volume of trade exchanges between Iran and Indonesia reached $257.2 million last year.
However, in this visit, which is the first for an Iranian president to Indonesia in 17 years, the Iranian government seeks to enhance trade with East Asia, especially Indonesia, a developing country that has recorded economic growth of 5% annually over the past two decades.
Raisi added in his press conference that the officials of the two countries signed today multiple documents and agreements for cooperation in various fields, noting that they indicate the determination and will of the two countries to expand relations.
He continued, “Iran, despite the pressures and sanctions, has made great strides thanks to young specialists to develop science, technology and economic development,” stressing that “sanctions and threats will never stop Iran.” link
Iraq ranks 33rd among the largest holders of US Treasuries
Baghdad – NAS
The US Treasury Department said on Monday that Iraq fell three ranks among the largest foreign holders of US bonds.
The Treasury said in the latest table: “Iraq fell three ranks after reducing its holdings of bonds during the month of March to reach 33rd place among the largest holders of US Treasury bonds of the 38 countries listed in the table for countries that should hold more than $ 33 billion.”
She added that “Iraq’s holdings of these bonds amounted to $ 39.3 billion for the month of March, down by 3.44% from last February, which amounted to Iraq’s possession of bonds of $ 40.7 billion, but it increased by 50% from March 2022.”
She pointed out that “Iraq came the fourth largest Arab country after Saudi Arabia, the UAE and Kuwait, while Japan came at the top of the countries with the largest holdings of these bonds with one trillion and 87 billion dollars, followed by China second with 869 billion dollars, the United Kingdom third with 714 billion dollars, Belgium fourth with 336 billion dollars, and Luxembourg fifth with 328 billion dollars.”
She pointed out that “the total bonds of the countries of the world for the month of March rose by $ 230 billion from last February to reach $ 7 trillion and $ 573 billion.”
Source: Dinar Recaps
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