The fourth and fifth installments of Iran’s frozen assets have been transferred into Iran’s Central Bank account in accordance with the Geneva Agreement, Iranian authorities report.
The Islamic Republic Central Bank announced that $1-billion of the country’s frozen assets in the UAE Central Bank has now been transferred to Iran’s Central Bank account.
This statement comes despite earlier announcement by Iranian chief nuclear negotiator Abbas Araghchi that the two installments already had been released.
The Rohani government, among other things, is under heavy scrutiny over the release of Iran’s frozen assets under the international sanctions. According to the Geneva Agreement signed last November, a certain amount of the country’s frozen assets in international banks was to be released in installments; however, some Islamic Republic figures have challenged reports that the funds have been released.