Iran to receive $32 billion in unfrozen assets

Iran is set to receive $32 billion of unfrozen assets following sanctions lifted under nuclear deal with world powers, says head of Iranian central bank

Photo by: AFP (Archive)
Photo by: AFP (Archive)

A picture shows US 100-dollar bills and Iran's various rial banknotes.

Iran will get $32 billion of unfrozen assets after sanctions were lifted in a deal with world powers over its nuclear programme, Iranian central bank chief Valiollah Seif said on Tuesday.

Seif was quoted by state television as saying that $28 billion (25.8 billion euros) would go to the central bank and $4 billion "will be transferred to the state treasury as the share of the government."

The unfreezing of assets comes after the UN atomic watchdog confirmed at the weekend that Iran had complied with measures imposed by the deal with global powers reached in Vienna in July.

The assets can be used "to buy and import goods, as the entry of such an amount of currency in to the country is not logical," Seif said.

The central bank plans to keep the funds "in centralised and safe accounts" abroad, he added.