7 times more.. Iran announces the release of its money withheld in Iraq, 26 AUGUST

 7 times more.. Iran announces the release of its money withheld in Iraq

The Iranian Ministry of Foreign Affairs announced on Friday that they released about seven times the amount of Iranian money held in Iraq within a month.

According to the political assistant to Iranian Foreign Minister Ali Bagheri Kani, in an interview with the semi-official “Mehr” agency, most of our money is in Iraq, except for South Korea.

He said that during the negotiations with the American side regarding Iran’s funds in South Korea, they also discussed and began the process of releasing Iran’s money in Iraq.

Bagheri Kani stated that in the past three weeks, they have released almost seven times the amount of money used in Iraq last year for economic activities. They expect this to accelerate the liberation process.

Official Iranian media revealed details of an agreement between Tehran and the United States, brokered by a third country. The agreement includes a prisoner exchange and the release of Iranian funds frozen in South Korea and Iraq.

According to the Iranian News Agency, IRNA, there has been an agreement between Iran and the United States to exchange prisoners. An official source familiar with the agreement stated that Iran will release 5 American prisoners while the United States will release 5 Iranian prisoners.

He explained that in addition to releasing $6 billion of frozen Iranian funds in South Korea, a significant portion of Iranian funds in the Iraqi TBI Bank will also be released. He also mentioned that the process of releasing Iranian funds in European banks has already begun.

On July 11, Prime Minister Muhammad Shia’ al-Sudani announced that Iraq had contacted the US to discuss payment for Iran’s 9.25 billion euro gas imports. He added that Iraq had paid 1.842 billion euros within 7 months according to the agreed mechanism.

A delegation from the Central Bank of Iraq and the Iraqi Trade Bank has reportedly left Iraq for Oman to discuss transferring funds in compliance with the US Treasury. According to Al-Sudani, the delegation’s aim is to agree on a formula for transferring these funds to Oman in agreement with the US Treasury.

Al-Sudani: Iraq has promising opportunities, and the government supports the investor and the private sector

The Prime Minister, Muhammad Shia’ al-Sudani, launched the executive work on a large tourist complex project in Baghdad’s center. The project includes a hotel, residential complex, and tourist facilities.

The Prime Minister’s media office announced that they laid the foundation stone for the first Qatari investment project in Iraq, implemented by the Qatari Investment Holding Company. This initiative aims to enhance opportunities, improve the investment environment, and attract Arab and foreign companies to infrastructure projects in Iraq.

During the ceremony, the Prime Minister welcomed the brothers from Qatar and praised their initiative and persistence in implementing the first cooperation between Iraq and Qatar.

He indicated that the President of the Council thanked the government team, the Mayor of Baghdad, the Chairman of the Investment Commission, the Director of the Prime Minister’s Office, and the advisors. These individuals were responsible for preparing all the requirements related to the allocation of land and granting of investment licenses in a record time.

According to a statement, Al-Sudani stated that Iraq has many promising investment opportunities and the government provides support to serious companies. He emphasized that the government will support investors, companies, and the private sector that are serious about executing investment projects in Baghdad, the provinces, and the Kurdistan region of Iraq.