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Iran's frozen assets to be released next week, CBI governor says

Iran's frozen assets to be released next week, CBI governor says

Assets of Azerbaijani Armed Forces Assistance Fund rise (01 December 2016 17:46)

Date: 12 January 2016 22:12

Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that Iran has $30 billion of frozen assets outside the country that will be unblocked next week immediately after the removal of anti-Iran sanctions following the implementation of Iran nuclear deal, IRNA reported.

Noting that good news is to be heard, Seif said that unblocking Iran's frozen assets and facilitating interactions with the world will improve the situation for Iran's banking system.

He said that the unfrozen assets will be handed over to CBI immediately after the implementation of Iran nuclear deal – widely known as the Joint Comprehensive Plan of Action (JCPOA).

Asked whether the sanctions on the CBI will be removed, Seif said that the JCPOA will be implemented within the next few days for sure; therefore Iran will witness a lifting of all the sanctions imposed on the country.

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