Mohammad Baqer Nobakht

A spokesman for the Rohani administration has confirmed that the United States has released $8 billion dollars in frozen Iranian assets.

IRNA reports that Mohammad Baqer Nobakht said on Monday November 25: “The release of $8 billion in Iranian assets by the United States is confirmed,” adding that the nuclear agreement will have a significant effect on the economy.

The former head of the Iranian Chamber of Commerce, Alinaghi Khamooshi, had said earlier that the new agreement is a significant opportunity for Iran, given that the sanctions on Iran’s financial activities have closed many doors on the Iranian economy.

On Sunday in Geneva, the nuclear negotiations between Iran and the 5+1 yielded a preliminary agreement, which so far has gained the approval of both sides.