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Iran retrieves $100bn of frozen funds – official

Iran retrieves $100bn of frozen funds – official
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Mubasher: Iran said Monday it has recovered $100 billion worth of its frozen overseas assets after the implementation of a landmark nuclear deal with world powers, the state's news agency reported.

Government spokesman Mohammad Nobakht said much of the money had been piling up in banks in China, India, Japan, South Korea and Turkey since international sanctions were tightened in 2012 over Tehran's nuclear programme.

He confirmed that the country's oil production and exports increased after lifting sanctions, especially amid current negotiations with investors.