Iranian bank is to be opened in Suleimaniya city of Iraqi Kurdistan.

By ISNA

The head of Iran-Iraq chamber of commerce Hussein Tizmaghz said on Sunday that an Iranian bank is to be opened in Suleimaniya city of Iraqi Kurdistan, north of Iraq.

Two other Iranian branches are to be inaugurated in the city, he said as meeting the head of Iraqi Kurdistan chamber of commerce and a number of businessmen.

The amount of bilateral commercial exchanges has reached over 2.8 billion dollars in 2007.

He also said establishing joint transportation companies and expanding tourism are among ways to raise cooperation between Iran and Iraqi autonomous region of Kurdistan.

Also his Kurdish counterpart said Iran and Iraqi Kurdistan have signed an agreement worth 20 million dollars in industry field.

Suleimaniya city, Kurdistan’s cultural capital, is the cultural city and an important economic centre for Iraqi Kurdistan, 364 kilometers north of the Iraqi capital Baghdad.

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