A spokesman for the United States National Security Council has reportedly claimed that Iran can use $7 billionworth of its blocked funds in South Korea to buy humanitarian items. The spokesman, whose name was not mentioned, told Voice of America on Wednesday that the funds are being held in a restricted account that is accessible for humanitarian ...

Central Bank of Iran (CBI) Governor Ali Salehabadi has signaled that billions of dollars in Iranian funds blocked in other countries because of US sanctions could be unfrozen in the near future. After the funds are deposited into accounts we have designated we will disclose information about that. Talks are progressing well, Salehabadi was quoted ...

Iran will give time to a new government in South Korea to act and repatriate billions of dollars worth of Iranian funds that have remained blocked in the country allegedly because of American sanctions on Iran, says a top official in Tehran. Iranian Foreign Ministry Spokesman Saeed Khatibzadeh said on Monday that Iran still awaits a concrete action ...

Irans official IRNA news agency says that the country will soon access a large tranche of its hard currency funds that have remained frozen in foreign banks for years because of US sanctions. A significant chunk of Irans blocked foreign exchange resources will be released following a new agreement, said the IRNA report published on Wednesday without ...

Iran and South Korea have held working-level consultations to discuss ways to resolve disputes over Tehran's assets frozen under US sanctions, Seoul's foreign ministry said Wednesday. Iranian bankers and officials from the state-run oil company and the petroleum ministry are in the nation to meet with the South Korean government and company officials ...