News ID: 324439
Published: 0354 GMT October 03, 2022

Iran to break ‘good news’ about its frozen funds soon

Iran to break ‘good news’ about its frozen funds soon

International Desk

The governor of the Central Bank of Iran said Monday progress had been made over the release of about $7 billion in funds frozen abroad.

“Good progress has been made about the release of Iranian assets thanks to the coordination of the Foreign Ministry,” said Ali Salehabadi as he refused to give more details, IRNA reported.

The top banker, however, added that “good news” would be announced in the coming days.

Salehabadi said Iran had suggested several bank accounts for depositing the money. 

Billions of dollars in Iranian funds have been frozen in a number of countries – notably China, South Korea and Japan – since the U.S. reimposed sanctions on the Islamic Republic in 2018 after unilaterally withdrawing from the 2015 nuclear deal with world powers.

Iran has blasted South Korea of holding $7 billion of its funds “hostage”, repeatedly calling on Seoul authorities to release it.

Nournews, a website close to the Supreme National Security Council, said Monday the frozen funds in South Korea would be deposited in an agent bank in one of the countries of the region.

The development came as Iran lifted a travel ban on Baquer Namazi and granted a one-week renewable furlough to his imprisoned son Siamak Namazi.

Iran’s Foreign Ministry spokesman Nasser Kanaani on Monday said that agreement on the release of the frozen assets had nothing to do with allowing Namazi to leave the country, a day after the U.S. State Department dismissed any such link.







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