Iran receives $500 million in frozen assets

Iran's Deputy Foreign Minister Abbas Araqchi (C) is surrounded by journalists following a press conference on November 10, 2013 in Geneva. (photo credit:AFP/File Fabrice Coffrini)

Iran’s Deputy Foreign Minister Abbas Araqchi (C) is surrounded by journalists following a press conference on November 10, 2013 in Geneva. (photo credit:AFP/File Fabrice Coffrini)

(SOURCE)  TEHRAN — Iran has received the first instalment of $4.2 billion in frozen assets as part of a nuclear deal with world powers, Deputy Foreign Minister Abbas Araqchi told ISNA news agency Saturday.

Unblocking the funds under the landmark deal in which Iran agreed to roll back parts of its nuclear programme and halt further advances is expected to breathe new life into its crippled economy.

 “The first tranche of $500 million was deposited in a Swiss bank account, and everything was done in accordance with the agreement,” Araqchi said.

1 thought on “Iran receives $500 million in frozen assets

  1. When you see all these things begin to happen, look up for you know that your redemption draws near.

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