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Ex-German Ambassador to Iran Bernd Erbel has been elected as the new head of the Instrument in Support of Trade Exchanges (INSTEX).
The 72-year-old German diplomat was serving as his country`s envoy to Iran from 2009 to 2013.
He succeeds his compatriot. Per Fischer. a former Commerzbank director who presided over the mechanism since its inception.
In 1977. Erbel worked at the German embassy in Beirut. Lebanon. followed by a career in Sana`a. Riyadh. and Cairo. From July 2004 until August 2006 he was the German Ambassador in Iraq.
Erbel. who is said to have a detailed familiarity with the region. is to officially take office on August 1. 2019.
