Monthly Archives: June 2019

Iran Working on Forex Plans Independent of INSTEX

Criticizing the problems of the financial channel, Abdolnaser Hemmati said the INSTEX needs some modifications. IRAN NEWS ECONOMIC DESK He noted in a post on his Instagram page that the INSTEX is only a limited part of the central bank’s strategy in the foreign exchange market, and several other programs are being implemented in the field of foreign exchange ties. “While the operational infrastructure of a mirror Iranian mechanism, named STFI, proportionate to the INSTEX has been thoroughly completed by the Central Bank, reports signal Europe’s speeding up of efforts to make the INSTEX operational,” said Hemmati.