Fourth installment of Iran’s frozen assets deposited to CBI account

A file photo of the Central Bank of Iran (CBI)

Tehran, Nov 5, IRNA – The Fourth installment of Iran’s $2.8-billion frozen assets abroad was deposited to the account of the Central Bank of Iran, CBI said in a statement released on Wednesday.
The statement said, the fourth installment of the Iranian frozen assets worth dlrs 500 million, has been remitted to the CBI account in the Central Bank of the United Arab Emirates.

India paid parts of its debt to Iran within the frameworks of $2.8-billion frozen assets to be released.

Iran and the Group5+1 (the five permanent UN Security Council members plus Germany) ended over two weeks of negotiations in Vienna on July 19 with no final agreement between the two sides which was due to be reached before the July 20 deadline.

At the end of their talks, the two sides agreed to extend the negotiations till November 24 for brokering a final deal.

The Sextet of world powers agreed in Vienna talks to release $2.8bn of Iran’s frozen assets in six installments.

The amount will be released in four $500mn and two $400mn installments within an almost once every three weeks period as follows:

First installment: $500mn on August, 1, 2014

Second installment: $500mn on August, 25, 2014

Third installment: $400mn on September, 17, 2014

Fourth installment: $500mn on October, 10, 2014

Fifth installment: $500mn on November, 3, 2014

Sixth installment: $400mn on November, 23, 2014



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