CBI receives $490 million of blocked assets abroad

TEHRAN, Mar. 31 (MNA) – The Central Bank of Iran (CBI) received the fifth installment of the Iranian frozen assets abroad worth $490 million.

Following the release of fifth installment of the Iranian frozen assets abroad, the Central Bank of Iran (CBI) received $490 million which makes a total sum of $2.45 billion released during the agreements between Iran and the 5+1 group.

Based on an agreement between Iran and the 5+1, a sum of 490 million dollars as part of Iran's assets blocked in Japan was received by the Oman Central Bank in the form of fifth installment and was deposited to the account of the Central Bank of Iran.

Total amount of this phase of agreement was $4.9 billion which is set to be cleared in form of ten $490-million installments.

Earlier, based on Iran's previous agreements with the 5+1, the country's blocked assets were released in two phases with its total amount at $4.2 billion and $2.8 billion respectively.

In November 2013, Iran and the 5+1 clinched an interim nuclear deal that took effect on January 20 and expired six months later. However, they agreed to extend their talks until November 24 as they remained divided on a number of key issues.

Missing the deadline to arrive at a comprehensive accord, the two sides decided to further extend their discussions for seven more months in the search for the final deal that would end a 12-year dispute on Iran’s peaceful nuclear work. 


News Code 106435

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