Iran says it successfully transferred some of the billions of dollars’ worth of frozen overseas assets following the implementation of the nuclear deal with world powers.
Iranian state television quotes the head of Iran’s Central Bank as saying that Tehran transferred funds from banks in Japan and South Korea to other banks in Germany and the United Arab Emirates.
An Iranian woman walks past a Bank Pasargad in the capital Tehran on January 19, 2016. Iran will receive $32 billion of unfrozen assets after sanctions were lifted in a deal with world powers over its nuclear programme, Iranian central bank chief Valiollah Seif said.( AFP / ATTA KENARE)
He does not say how much money was involved in the transfers, though he said the nuclear deal would give Tehran access to $32 billion in overseas assets.
Seif says that $28 billion (25.8 billion euros) would go to the central bank and $4 billion “will be transferred to the state treasury as the share of the government”.
He also pledges to address the parallel exchange rate for Iranian rials and foreign currencies on the black market, which trade 20 percent higher than their official values. The black market rate is 36,000 Iranian rials to the dollar while the official rate is 30,000 rials for a dollar.
–AP, AFP
Is our live election coverage important to you?
Are you relying on The Times of Israel for accurate and timely coverage of the 2026 Israeli election? If so, please join The Times of Israel Community. For as little as $6/month, you will:
Support our independent journalists who are working around the clock to report political developments as they unfold;
Read ToI with a clear, ads-free experience on our site, apps and podcasts; and
Gain access to exclusive content shared only with the ToI Community, including our DocuNationstreaming film series and weekly letters from founding editor David Horovitz.
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel
From the Liveblog of
Tuesday, January 19, 2016
Add ToI as a Preferred Source on Google
