• 14 May 2019 - 10:05
  • News Code: 99931

The governor of the Central Bank, arguing that “the ball is in Europe’s court”, describes the latest operational status of the INSTEX and SATMA mechanisms.

According to IBENA, Abdul Nasser Hemati added to his Instagram note: Europe has been pursuing a financial mechanism for doing business with Iran about a year ago, until it was finally announced three months ago.

Nearly two months ago, the corresponding mechanism, known as the Trade and Financing Mechanism “SATMA”, was established in Tehran and its directors were introduced to Europeans. Continuous repetition of sentences such as looking for a financial mechanism will be a repetitive proposition from European officials.

The easiest way to operate the INSTEX and SATMA mechanisms is to withdraw oil by European companies and establishments, or grant a credit line to European exporters to begin exporting to Iran.

If they are concerned about the US response to the type of goods exported to Iran, they can test their ability to export basic goods and drugs. Now we can say that “the ball is in Europe’s court!”



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