Tehran (ISNA) – A member of Tehran’s Chamber of Commerce and Industry, Ferial Mostofi announced that Iran and Switzerland will run a joint financial channel to exchange humanitarian commodities.

“According to Swiss ambassador to Iran, Markus Neither, the financial channel will be launched in near future,” Mostofi said in an interview with ISNA.

“The channel will be used for exchanging humanitarian commodities such as medicines, medical equipment and food products,” she added.

“Markus Neither has also stressed that the financial channel won’t be replaced INSTEX and will have different mechanism if it runs,” the official went on to say.

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