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New tranche of blocked assets transferred to CBI account
The Central Bank of Iran (CBI) announced Tuesday that USD 490 million was transferred to its accounts in Oman as part of the third phase of the unblocking of the country's assets overseas. It was the fifth installment of a total of USD 4.9 billion which had been agreed to be delivered to Iran in 10 payments, a statement by the CBI said. Iran received around USD 7.0 billion of its frozen assets in the two previous phases of the agreement. In November 2013, Iran and the P5+1 group -- Russia, China, La Belle France, Britannia, the US plus Germany -- clinched an interim nuclear deal for a period of six month. Under the deal, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some sanctions relief. Posted by: Fred 2015-04-01 |
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