Shafaq News- Tehran/ Baghdad
Iran has between $10 billion and $11 billion in funds andenergy receivables held or owed in Iraq, Central Bank of Iran Governor AbdAl-Naser Hemmati announced on Thursday.
Hemmati said he discussed the funds with Iraqi Central BankGovernor Nizar Nasser Hussein during Prime Minister Ali Al-Zaidi’s visit toTehran, with both sides seeking mechanisms to allow Iran to finance imports orcomplete permitted financial transfers.
Part of the money has already been used to purchaseessential goods, but transfer restrictions continue to “limit [Tehran’s]access” to the remainder.
Iraq deposits payments for Iranian gas and electricity intorestricted accounts because US sanctions limit direct dollar and euro transfersto Iranian institutions.
Iraq pays Iran $4 billion to $5 billion annuallyfor gas, according to Iraqi energy officials cited by Reuters in March 2025.Then-Electricity Minister Ziyad Ali Fadel estimated that losing Iranian gaswould cut about one-third of Iraq’s 27,000 MW electricity output.
Read more: $24 billion frozen asset dispute blocks final US-Iran agreement
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