Iranian President Hassan Rouhani and Iraqi Prime Minister Adil Abdul-Mahdi agreed on the future visit of the Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati to Iraq.
The trip is aimed at finalizing and implementing financial and banking agreements between Iran and Iraq.
Hemmati is scheduled to hold talks with governor of the central bank of Iraq and other Iraqi banking officials.
Iran electricity and gas exports to Iraq have surpassed $4 billion, which in addition to $8 billion exports in private sector.
Hemmati had visited Iraq last year to talk on using local currencies between the two countries.
Earlier, Iraqi Finance Minister Fuad Hussein said the newly-devised mechanism of payment would expedite Iraq electricity and gas debt repayment to Iran.
Meanwhile, Hemmati said that Iran well understands Iraq central bank's limitations due to the sanctions conditions.
Abdul-Mahdi arrived in the Iranian capital this morning.
He is also slated to visit the Holy Shrine of Imam Reza (the eighth Shia Imam) in the city of Mashad, northeastern Iran, during his visit to Iran.
The Iraqi premier will also take part in the third Iran-Iraq economic commission.
Abdul-Mahdi’s trip to Tehran is taking place at the invitation of President Rouhani.