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payments channel

  • EghtesadOnline: European efforts to launch a payments channel to facilitate trade with Iran suffered a fresh setback on Thursday when the German former diplomat who was set to take over as the new chief of INSTEX was forced to pull out at the last moment.

  • 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.