Tehran, Aug 12, IRNA � A senior Iranian Parliament member Gholamreza Mesbahi Moqaddam says the legislative body has already set the mechanism necessary for determining ways of expending the released Iranian assets.

Talking to IRNA, he added that the Central Bank is not allowed to overspend what has been fixed by the parliament.

Moqaddam said though there is still a long way to go before attaining the whole objectives set by the Comprehensive Joint Plan of Action (CJPOA), the very signing of the deal was a great achievement for the country.

He said the signing of the deal also foiled the plot by the US and Israel to introduce Iran as a country which is after producing atomic bombs.

He referred to the nuclear agreement with the 5+1 as just the beginning of a growing trend of economic ties with Europe and the whole world especially in the areas pertaining to oil.

He further stressed the importance of establishing joint investment projects between Iranian and European companies.

Elaborating on the expenditure of released Iranian assets, the parliamentarian said a part of it, mounting to about dlrs 40 billion, belongs to the National Development Fund which will be allocated to the private sector as a chance to promote their activities.

By IRNA