EU Banks to Join INSTEX

The new head of INSTEX, Michael Bock, who was in Tehran this week, says some small European bank are willing to join the barter trade mechanism.

Financial Tribune- According to Bock, small banks in Italy, Germany and France have announced readiness to operate within the system and handle the barter trade between Iranian and European companies, IRNA reported.
The German official assessed the dynamics of conducting trade within the new mechanism and got acquainted with potential businesses willing to join INSTEX, according to Hessamuddin Hallaj, the caretaker of International Deputy for Tehran Chamber of Commerce, Industries, Mines and Agriculture.

Publish Date: Sep 18, 2019