World Gone Nuts: Iran Gets First Installment Of Frozen Assets

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iranian-deputy-foreign-minister-abbas-araqchiIran 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 yesterday.

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. Read more at AFP.

{Matzav.com Newscenter}

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