24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Iran Gets First Funds from Sanction Relief

A first tranche of $550 million in sanctions relief agreed under an interim nuclear deal has been paid into an Iranian Central Bank account in Switzerland, the official IRNA news agency said on Monday.

Quoting an informed source, the agency reported: "$550 million in frozen Iranian assets (were) transferred to Iran's Central Bank account in Switzerland.

The agency said the money was a first instalment of $4.2 billion in blocked Iranian oil revenue that is to be made available to Iran under the November 24 deal.

Source: Reason. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement