Financial Instrument Ready for EU-Iran Trade

The CEO of a newly registered Iranian reciprocal company for trade with Europe says the company is ready to launch its first trade with Europe, according to a notice on the Central Bank of Iran website. 
The company was officially registered in late April as a corresponding entity of European Instrument in Support of Trade Exchanges, known as INSTEX. 
Aliasghar Noori said Wednesday that in coordination with Iranian and European banks the first financial transaction will be carried out through the newly created mechanism. 
Noori said his company has held talks with Iranian banks and aims to meet Iranian importers and exporters to brief them about the functions of the new mechanism and the facilities it offers in trading with Europe.