Instrument in Support of Trade Exchanges: GK, Current Affairs, Questions, Trivia and News

Germany, France and UK officially set up a payment channel with Iran called INSTEX

Germany, France and the UK have officially set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. The long-awaited special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies despite Washington re-imposing sanctions after US President Donald Trump abruptly ..