Iran confirms the release of a “significant” part of its frozen assets in three countries, including Iraq

Iran confirms the release of a “significant” part of its frozen assets in three countries, including Iraq

2023-08-27 21:58

Iran confirms the release of a significant part of its frozen assets in three countries including IraqShafaq News/ The Vice President of the Republic, Head of Iran’s Planning and Budget Organization, Daoud Manzour, stated that a “remarkable” part of the Iranian frozen assets in South Korea, Turkey and Iraq had been released.

This came in a meeting he had with planning elites and economic experts, according to the semi-official Iranian Fars news agency on Sunday.

Manzoor said during this meeting that: A significant part of the Iranian assets frozen in South Korea, Iraq and Turkey have been released, and of course, these assets are from the reserves of the Central Bank and not belonging to the government.

On August 25, the Iranian Ministry of Foreign Affairs announced that within about a month, about 7 times the Iranian funds frozen in Iraq had been released.

The political assistant to the Iranian Foreign Minister, Ali Bagheri Kani, said in an interview with the Iranian semi-official “Mehr” agency, that: With the exception of South Korea, part of our money is also in Iraq.

He added, “In the understanding that we concluded with the American side about Iran’s money held in South Korea, the issue of Iran’s money in Iraq was also raised, and its release began.”

Bagheri Kani added, “Since the past three weeks, we have been able to release nearly 7 times the total money that we used in Iraq last year, in the process of economic activities, and of course we expect an acceleration of the liberation process.”

On August 11, official Iranian media revealed the details of the agreement reached by Tehran with the United States of America under the auspices of a third country, which provides for the exchange of prisoners between the two countries and the release of Iranian funds frozen in South Korea and Iraq.

The official Iranian News Agency, IRNA, quoted an official source familiar with this agreement as saying, “This agreement requires Iran to release 5 American prisoners in exchange for the release of 5 Iranian prisoners in the United States of America.”

He explained that “in addition to that, 6 billion dollars of Iranian funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank,” noting that “the first stages of the process of releasing Iranian funds in European banks have begun.” “.

On July 11, Prime Minister Muhammad Shia’ al-Sudani announced Baghdad’s contact with the US regarding the payment of Iran’s dues for Iraq’s gas imports, amounting to 9 billion and 250 million euros, adding that Iraq had paid “up to one billion and 842 million euros in the seven-month period of The life of the government according to the agreed mechanism.

Al-Sudani added that a delegation from the Central Bank of Iraq and the Iraqi Trade Bank left Iraq for the Sultanate of Oman with the aim of “agreeing on a formula for transferring these funds to the Sultanate of Oman in agreement with the US Treasury.”