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Europe sends medical gear to Iran in first sanction-bypass deal

04:46 PM | 31 Mar, 2020
Europe sends medical gear to Iran in first sanction-bypass deal

BERLIN – European nations have delivered medical goods to Iran in the first transaction under the Instex mechanism set up to evade American sanctions on Tehran, the German foreign ministry said Tuesday.

"France, Germany and the United Kingdom confirm that Instex has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. These goods are now in Iran," the ministry said in a statement.

The first successful transaction comes over a year after Britain, France and Germany announced the creation of Instex, months that have been marked by Iranian chafing against European delay.

"Now the first transaction is complete, Instex and its Iranian counterpart STFI will work on more transactions and enhancing the mechanism," Berlin said.

Britain, France and Germany were among a list of countries that Iran reported receiving medical aid from earlier this month as it battles a serious outbreak of the novel coronavirus.

On Monday, the number of cases in the country passed 40,000, and the government warned the epidemic could run for several more months and cost over 10,000 lives.

Tehran's struggle to bring the virus' spread under control has been made more difficult by US sanctions.

The blockade was re-imposed under President Donald Trump after he withdrew from a 2015 deal in which Iran agreed to limit its nuclear activities in exchange for easier access to global trade.

But the European sanctions-dodging scheme aims to keep the nuclear deal alive, holding Iran back from developing a bomb.

Supreme leader Ali Khamenei said last week that Iran would not accept help from Washington after Trump offered aid at the end of February.

The American proposals "to help us with medicines and treatments, provided we ask for them, are strange", he said, calling the US Iran's "most ferocious and vicious enemy".

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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