Tehran (IP)- Governor of Central Bank of Iran (CBI) called bartering one of the classic methods for countering US unilateral sanctions.

Iran PressIran News: In a joint meeting with Minister of Industry, Mine and Trade, Minister of Oil and Minister of Agriculture Jihad, Abdul Nasser Hemmati said: "In the current situation that the US has considered a variety of decisions to prevent Iran from monetary and banking exchanges, bartering oil for commodities can counter Washington's sanctions."

The Governor of the Central Bank of Iran added that bartering is one of the ways to develop countries' foreign trade.

Hemmati went on to say: "Considering the history of bartering in Iran, the existing program will be implemented in a wider dimension and in two stages, the first stage of which will include the supply of basic commodities, and the second stage will include essential goods and raw materials needed by production units."

On May 8, 2018, US President Donald Trump unilaterally withdrew from Iran's Nuclear Deal known as the Joint Comprehensive Plan of Action (JCPOA) in violation of Washington's international commitments, declaring the return of nuclear sanctions on Iran.

Trump's move has been widely condemned in domestic and international arenas.


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