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Iran to receive $32bn in unfrozen assets – Official

Iran to receive $32bn in unfrozen assets – Official
Iran’s central bank head Valiollah Seif

Mubasher: Tehran is set to receive $32 billion of unfrozen assets following the lifting of sanctions under a nuclear deal with world powers, said the head of Iran’s central bank Valiollah Seif.

Seif was quoted by Iranian state television as saying that $28 billion in funds that had been frozen abroad as a result of international sanctions would go to the central bank.

Another $4 billion will be transferred to the state treasury as the share of the government, he added.

The sanctions imposed against Iran’s central bank by the United Nations, the U.S., and the European Union were lifted on 16 January after the International Atomic Energy Agency certified that Tehran had kept its promises under the nuclear deal it signed in July with world powers.