Tag Archives: Iranian Non Governmental Associations

2 European Banks to Join INSTEX

CEO of Iran’s Special Trade and Finance Instrument (STFI). Iranian counterpart to INSTEX. announced on Monday that a European bank has been appointed for carrying out financial transactions of INSTEX. while the second bank is to be selected. soon.

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European Banks Ready to Join INSTEX

A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel. called INSTEX. which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades. the new INSTEX president said.

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