Iraq to Stop Trading With Iran in US Dollars Due to Sanctions - Gov't Spokesman | WHAT REALLY HAPPENED


Iraq to Stop Trading With Iran in US Dollars Due to Sanctions - Gov't Spokesman

Iraq will have to stop using the US dollar in its financial transactions with Iran over Washington's sanctions against Tehran, Iraqi government spokesman Saad al-Hadithi told Sputnik on Thursday.

"The sanctions will influence, first of all, money transfers and banking operations in the US dollar. The sides will not use the US dollar," al-Hadithi said, adding that the move would result in a decline in trade between the two countries and thus affect the consumers.

He stressed that the Iraqi government would try to find " a new mechanism" in order to support trade relations with Iran.

"In any case, the government will seek to solve all the problems related to this issue, it will look for corresponding mechanisms to neutralize the [sanctions'] influence on the Iraqi market and also prevent the damage caused to the Iraqi citizens' interests," al-Hadithi said.

Webmaster's Commentary: 

Does that mean, now, that Iraqi oil will be priced in other currencies rather than US dollars?!?

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