ITE 2018 Opens in Tehran: Key Economic Players Meet to Combat Latest US Hostility

The 4th Iran Transaction Exhibition opened on Tuesday at Goftegoo Park in Tehran. This year’s edition, known as ITE 2018, is being held under the theme of ‘Transaction Against Sanctions’, a reference to the new sanctions the US administration has announced against Iran’s key economic sectors.
During the inauguration ceremony, the head of FABA—a government-owned center for promotion of e-banking and professional training—said although the sanctions will have harmful effects on the banking industry, software, hardware, international transactions and financing, the nation in its entirety is trying to find workable alternatives  to bypass the unjust restrictions. 
Ebrahim Moqadam said some of the solutions now under review include using cryptocurrencies, establishing a barter system with neighboring countries, and using  borders exempt from sanctions (such as Chabahar Port in southeast Iran) for trade with the region and beyond.