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France, Germany May Host Payment Channel

France and Germany will likely host the Special Vehicle Purpose (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanctions, senior diplomats told the Wall Street Journal.

Iran, Europe to Establish Payment Channel Soon

Iran and European signatories of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), will establish a special payment channel in the near future, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said.

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