Iran’s Central Bank says another $490 million worth of Iranian assets frozen in foreign banks has been released.
IRNA reports that the fifth installment in the third round of releasing Iranian assets held in foreign banks has been paid out to the Central Bank. The total amount of released Iranian assets now stands at $2.45 billion.
The latest installment, according to the Central Bank, was deposited by the Japanese Central Bank to Iran’s account in Oman.
The interim deal struck between Iran and the 5+1 in 2013 provided for Iran’s frozen assets in foreign banks to be released in graduated installments.
U.S. sanctions on Iran have restricted all countries from carrying out business transactions with Iran, leaving it unable to receive payments for its oil and other business sales.
