Iran to receive 29 billion of frozen assets by January: CBI official

Tehran, September 23, The Iran Project – An official at the Central Bank of Iran (CBI) says Iran is likely to receive 29 billion of frozen assets by the January 2016.

Speaking on the sidelines of a conference on investment in Geneva on Saturday, Gholamali Kamyab, the deputy governor of the CBI for foreign exchange affairs reiterated that these blocked assets are held in different countries and the amount might be even more.

“The 23 billion of the restricted assets belong to the central bank and the rest belongs to the government” he added, noting that Iran has no gold reserve abroad.

Earlier, Central Bank Governor Valiollah Seif announced that the ban on the financial system will be removed in three to five months following the implementation of the Joint Comprehensive Plan of Action (JCPOA).

It is worth noting that Tehran firmly rejected the claims that the released assets permit it to spend funds to support terrorism in the region.