“Iran annually exports nearly 3 billion Euros of gas and 700 to 800 million dollars of electricity to Iraq, “the spokesman of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) told ILNA
Speaking to ILNA news agency, Seyed Hamid Hosseini said that Iran's electricity and gas are exported to Iraq every day, and the country's total debt to Tehran is unknown.
Referring to Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor; the member of the Chamber of Commerce and Spokesman of the Exporters' Union also noted that the former Governor of the Central Bank of Iraq did not cooperate seriously in returning the blocked Iranian money.
“It is not yet possible to judge what the new policy of the Central Bank and the TBI Bank of Iraq will be and how they will operate.”
He added “But we hope that these changes will help us to solve our banking problems with this country.”
"The values of goods exported to Iraq are estimated separately from the technical engineering and electrical services that are exported to this country, and we are trying to maintain our exports despite the existing problems, including the U.S. sanctions and pressures."
The two countries have agreed that Iraq’s government deposit the money in the Iraqi dinar at an escrow account, but they have not found yet a mechanism for its transfer.