Iraq Central bank uses tens of millions of euros for payment to cover imports from Turkey
https://www.iraqidinarusd.com/2023/12/iraq-central-bank-uses-tens-of-millions.html
As an initial payment to cover Turkish imports, the central bank strengthened tens of millions of euros.
As part of the banking arrangement made with Turkey during the past week, the Central Bank of Iraq has strengthened tens of millions of euros as a down payment since last Sunday.
According to sources close to the transaction this will cover the imports of retailers from Turkey, with Iraqi traders paying in Iraqi dinars and the Central Bank strengthening the euro to settle with Turkish traders. This information could be be confirm. Sources comes from translated article from reputable Iraqi News platform. This information is important because it shows setting payments in currencies other than the US dollar
