Governor of the Central Bank of Iran has provided some details about the payment system to be unveiled by the European Union in the coming days saying that the mechanism allows Iranian and European businesses to access their export earnings.
In a Saturday post on his Instagram, Abdolnasser Hemmati said that the reason behind the establishment of a payment channel between Iran and Europe is based on the common understanding that companies on both sides are willing to continue trading despite the US move to pull out of the Iran nuclear deal.
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