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Central Bank Governor Says Iran’s Frozen Assets Abroad Stand at $26bln

20 July 2015 16:56



Governor of the Central Bank of Iran Valiollah Seif in a letter to President Hassan Rouhani said Iran’s frozen assets abroad that would be returned to the country following the Vienna agreement would stand at $26bln.

“Seif in his letter to President Rouhani has declared that the sum of Iran’s frozen assets that could be released once the nuclear agreement comes into effect stands at around $26 billion,” Amol MP Ezzatollah Yousefian-Molla told FNA on Monday.

The figure has recently been a source of dispute as it had earlier been stated by many in and outside Iran to be over 100bln dollars.

Yet, the lawmaker said a major part of Iran’s assets remain in foreign banks as guarantee funds for imports.

The hitherto elusive agreement was finally nailed down on Tuesday in the ritzy Palais Coburg Hotel in the Austrian capital of Vienna, where negotiators from Iran and the six other countries had recently been spending over two weeks to work out the remaining technical and political issues.

The agreement, the Joint Comprehensive Plan of Action (JCPOA), will be presented to the United Nations Security Council (UNSC) on Monday to adopt a resolution in the following two days to make the JCPOA an official document.

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