Recently How many European Countries have set up a Payment channel with Iran called INSTEX?
Correct answer: C. 3
- A. 9
- B. 7
- C. 3
- D. 5
Explanation
INSTEX was created by France, Germany and the United Kingdom to facilitate legitimate trade with Iran despite US sanctions, so the number of European countries was three. It was not initially established by seven or nine countries.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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