Thursday, May 08, 2014

Iran: Fifth installment of Iranˈs frozen assets deposited to CBI account

Source: IRNA

Tehran, May 8, IRNA – Fifth installment of Iranˈs frozen assets abroad was deposited to the account of the Central Bank of Iran, CBI said in a statement released on Thursday.
The statement said, the fourth and fifth installments of the Iranian frozen assets, dlrs 1 billion, have been remitted to the CBI account in the Central Bank of United Arab Emirates.

Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has already received five installment of its 4.2 dlrs billion funds previously blocked overseas.

Iran and the six major world powers – Russia, China, the US, France, Britain and Germany -- inked a nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides have agreed to start implementing the agreement as of January 20.

Under the Geneva accord, the six countries agreed to lift some of the existing sanctions against Iran in exchange for Tehran’s confidence-building measure to limit certain aspects of its nuclear activities for a six-month period.