News ID: 291419
Published: 0334 GMT March 07, 2021

Official: Iran’s funds frozen in S. Korea, Iraq, Oman to be released

Official: Iran’s funds frozen in S. Korea, Iraq, Oman to be released

Secretary-General of the Iran-Iraq Joint Chamber of Commerce Seyyed Hamid Hosseini said that $3b of Iran’s frozen assets in South Korea Iraq, Oman and will be released soon.

“The US has agreed with releasing $3b of Iran’s funds in South Korea, Oman and Iraq,” Hosseini told Fars News Agency on Sunday.

He added that a senior advisor to the Iraqi prime minister has also confirmed that some parts of Iran’s blocked assets in Iraq will be released and used to send humanitarian goods to Iran.

“Recently, a shipment of corn entered Iran from Iraq which is the result of the release of these funds,” Hosseini said.

The official on Saturday tweeted that that according to some Iraqi sources, Baghdad is going to unblock Iranian revenues.

“Reliable sources in Iraq suggest that the US has agreed to release Iranian resources at the Trade Bank of Iraq,” he said, adding that they have announced that several transactions have been made on the issue.

Late in February, Governor of the Central Bank of Iran Abdolnaser Hemmati and President of the State-owned Trade Bank of Iraq Salem Chalabi in a meeting in Tehran reviewed ways to transfer Iran’s frozen assets in the neighboring country.

Hemmati and Chalabi conferred on methods of transferring and using Iran's resources and frozen assets in Iraq.

The Iraqi official further referred to recent payments to Tehran from its frozen assets in Iraq, underlining that efforts are made to create financial channels to facilitate the process.





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