Central bank boosts tens of millions of euros as initial payment to cover imports from Turkey, 5 DEC

  Central bank boosts tens of millions of euros as initial payment to cover imports from Turkey

Economy News - Baghdad

The central bank has boosted tens of millions of euros as an initial payment to cover imports from Turkey, a government source said on Tuesday.

"In implementation of the banking arrangements agreement made with Turkey during the past week, the Central Bank of Iraq has since last Sunday, December 3, strengthened tens of millions of euros as an initial payment," the source said.

He added that "this aims to cover the imports of retailers from Turkey, through Iraqi traders paying in Iraqi dinars and the Central Bank's reinforcement in euros to settle with Turkish traders in Turkish lira."