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payment channels

  • 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: EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal. To circumvent US sanctions, they recently announced a plan for maintaining payment channels outside the banking system, which could be targeted by the sanctions.