The Iran Project

Iran to receive first installment of blocked assets February

TEHRAN (ISNA)- The first installment of 4.2 billion dollars of Iranian frozen assets will be paid back to Iranian Central Bank on February 1st, said Iranian Central Bank Deputy Governor Ali Akbar Komeijani.

“The situation will be better following paying back of blocked assets and limitations in banking relationship between Iranian and foreign banks will be removed. The Central Bank will receive the first installment on February 1st.

The amount is 550 million dollars.

Komeijani further noted that the country is pursuing ease of sanctions imposed against Iranian banks. “We hope that it will yield results in European courts.”

By ISNA

 

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