16% of Iraq’s imports are via Iran.. Did Baghdad contribute to breaking the “economic blockade” on Tehran?
Economic affairs expert Nasser Al-Kanani confirmed today, Sunday (November 5, 2023), that Iraq helped Iran break the economic blockade imposed on it by the United States of America.
Al-Kinani told “Baghdad Today”, “The Iraqi market is considered one of the most important markets for selling various Iranian goods, and this matter helped it a lot in confronting and breaking the economic blockade imposed on it by the United States of America. Iraq even passes to it hard currency through this trade exchange.” .
He stated that “any reduction in the decline in trade between Iraq and Iran will have a major impact on the Iranian economic situation, as there is a heavy reliance on the Iraqi market to withstand and strengthen the Iranian economic situation, especially with regard to the entry of hard currency into Iran through black transfers sent to Iran from In order to pay the money for these various imports.”
Iraq imports $10 billion from Iran annually, which is equivalent to 16% of Iraq’s total annual imports from countries around the world, amounting to $60 billion annually, according to experts. link
Source: Dinar Recaps
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