Iranian Foreign Minister Mohammad Javad Zarif stated that seven European central banks agreed to set up a special payment system for the EU and the IRI to ensure business and trade between the sides in the face of US sanctions.

“Radio Farda Zarif Says Seven European Central Banks Will Assist Trade With Iran” article says that Zarif did not specify which 7 banks would take part in the initiative. The payment system will not use the US dollar, it will use euros.ж

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