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Payment Mechanism

  • EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.

  • EghtesadOnline: Iran and Iraq signed an agreement Tuesday to establish a monetry channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central Banks of Iran Abdolnaser Hemmati and Ali Al-Allaq, his Iraqi counterpart, in Baghdad.

  • EghtesadOnline: Iran and Iraq signed an agreement Tuesday to establish a monetary channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central Banks of Iran Abdolnaser Hemmati and Ali Al-Allaq, his Iraqi counterpart, in Baghdad.

  • EghtesadOnline: A payment mechanism the EU hopes will save the Iran nuclear deal by bypassing US sanctions is ready, diplomats said on Monday, but is held up by disagreements among European countries.

  • EghtesadOnline: Seven central banks have agreed to establish a special payments channel to facilitate payments for Iran and turn this channel into an institution in the future, Foreign Minister Mohammad Javad Zarif said, answering a question about the details of the payment mechanism announced by the EU.

  • EghtesadOnline: The absence of a credible payment mechanism remains the major irritant in Iran-Pakistan trade.