Official: Iran Receiving Revenues of Gas Exports to Iraq in Euro | WHAT REALLY HAPPENED


Official: Iran Receiving Revenues of Gas Exports to Iraq in Euro

"The revenues of these (gas) exports are based on euro as stated in the contract (with Iraq)," Montazer Torbati said on Saturday.

He added that the Central Banks of Iran and Iraq have made the decision about the currency to be used for gas exports after the US sanctions against Iran.

Iran is currently exporting 36.24 million cubic meters of gas on a daily basis, which marks a 45% rise in comparison with the figures of the last calendar year (March 21, 2017- March 20, 2018).

Iran’s Plan and Budget Organization announced in a report earlier this month that the country had increased its daily export of gas from 25 million cubic meters to 36.24 million cubic meters in the current Iranian year (started on March 21, 2018).

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