TEHRAN, Jun. 22 (MNA) – Iranian Minister of Energy Reza Ardakanian said that Islamic Republic of Iran paid the cost for 16 million doses of COVID-19 vaccines through COVAX facilities out of foreign exchange resources in Iraq.

With the coordination made, the amount of 115 million of Swiss franc was deposited into the account of a Swiss bank out of country’s FOREX resources at TEJARAT Bank in Iraq in order to receive 16 million doses of COVID-19 vaccine through COVAX facilities.

The Chairman of Iran-Iraq Joint Economic Cooperation had revealed the issuance of license for the provision of Iran’s FOREX resources in Iraq for the purchase of 16 million doses of COVID-19 vaccine through COVAX as well as transfer of this amount to a European bank.

Earlier, he had announced that the currency required for the purchase of COVID-19 vaccine from Russia would be provided out of Iran’s demands from Iraq.

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