Iran receives frozen assets installments

TEHRAN Nov 26 (Shana)–Iran has received the thirteenth and fourteenth installments of its assets, which had been frozen oversees due to the sanctions imposed on the country.
The Central Bank of Iran (CBI) received the installments as part of the second phase of the unblocking of the country’s frozen assets, agreed on between the Islamic Republic and world powers under an interim nuclear accord last year.

An amount of $500 million, which had been frozen in South Korea, and $ 400 million, blocked in India, were transferred to the bank for the second phase’s fifth and sixth installments respectively.

The installments were respectively paid to the CBI’s accounts in Oman and the United Arab Emirates.

The latest payments brought the total paid amount of the second phase to $2.8 billion.

The first phase enabled the release of $4.2 billion of the country’s assets.

By SHANA

 

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