$100 billion of Iran’s money frozen in foreign banks: MP

The chairman of the Majlis Planning and Budget Committee says $100 billion of Iran’s money is frozen in foreign banks because of the sanctions imposed on the country.
If these foreign reserves are released through diplomatic efforts, then not only “will we not have any problems, but also many problems will be resolved,” MP Gholam Reza Mesbahi Moqaddam told the Mehr News Agency, in response to a question about the recent remarks by President Hassan Rouhani, who said the country’s treasury is almost empty.

In addition to the $100 billion frozen in foreign banks, Iran has reserves of gold in the country and the assets in the National Development Fund (NDF) amount to over $30 billion, he said.

However, the board of directors of the NDF issued a statement on Saturday, saying that the proven assets of the fund only amount to $18.1 billion, which is roughly $14 billion less than the previously estimated figure of $32 billion.