According to a report from the Financial Times , the Defense Export Center ( Mindex ) of the Iranian Ministry of Defense stated that it is ready to negotiate military contracts and accept various payment methods , including cryptocurrency , barter trade, or the Iranian rial .
Mindex is the unit responsible for Iran's arms and defense equipment sales abroad . This move is believed to be aimed at creating more payment options , amid numerous financial sanctions imposed on Iran by the West , which restrict international trade.
The weapons catalog released by Mindex includes a variety of advanced military equipment such as the Emad ballistic missile , the Shahed drone , the Soleimani-class warship , and short-range air defense systems .
Observers believe that including cryptocurrencies on the list of payment methods could help Iran bypass international payment barriers , while also expanding its access to customers and partners in markets that are difficult to trade through the traditional financial system.
Source: Financial Times
