Dec 29, 2020, 6:33 PM
Journalist ID: 3080
News Code: 84166472
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Iran, Iraq make use of barter mechanism 

Tehran, Dec 29, IRNA – Iraq has made use of the barter mechanism to pay its debt to Iran, Secretary-General of Iran-Iraq Chamber of Commerce Hamid Hosseini said on Tuesday.

In an interview with Iran, Hosseini told that Iraq has paid part of its debt in the form of goods, which will enter Iran in the coming days.

Non-oil exports to Iraq have declined this year, he said, adding that electricity continues to be sold to the country, earning about $700 million a year for Iran.

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