The release of 3 billion dollars of frozen Iranian funds in Iraq
The release of 3 billion dollars of frozen Iranian funds in Iraq
2023-06-10
Today, Saturday, an Iranian official announced the release of $3 billion of Iranian funds frozen in Iraq due to US sanctions.
And Al-Jazeera website quoted an Iranian official as saying that “3 billion dollars of Iran’s frozen funds in Iraq have been released due to US sanctions.”
He added, “Iran’s money released from Iraqi banks will be allocated to cover the Hajj season and some basic commodities.”
Earlier, the Iranian “ISNA” agency reported that $24 billion of frozen Iranian assets in Iraq and South Korea will be released.
According to the agency, among this amount are $7 billion of Iranian financial receivables frozen in South Korea, and more than $10 billion of it is from frozen Iranian resources in Iraq, most of which are related to energy exports.
The agency pointed out that after the visit of the Omani Sultan to Iran and the visit of US President Joe Biden’s advisor to the Sultanate of Oman, it was decided that the frozen Iranian assets would be released within an agreement with Iran.
It was also decided, after the meeting of the Governor of the Central Bank of Iran, Mohammad Reza Farzin, with Christina Georgina, CEO of the International Monetary Fund, that Iran would be able to obtain more than $ 6.7 billion from its special drawing rights.
burathanews.com
