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Story summary
- Iran’s central bank governor Abdolnaser Hemmati said on 19 August that Iran has halted oil exports.
- Parliament Speaker Mohammad Bagher Qalibaf announced in Baghdad a plan on Friday to counter “unjust sanctions”.
- Qalibaf urged Iranian and Iraqi business leaders to create a bilateral national-currency trade system.
- Officials said the currency-swap scheme, seeking Iraq’s help, is essential for Iran’s survival under sanctions.
