Breaking the ice: Iran establishes task force to reclaim frozen assets
The Central Bank of Iran (CBI) has set up a task force on the return of the country’s assets blocked by the U.S., IRNA quoted a CBI official as saying on Wednesday.
The task force is currently taking preliminary steps for the return of the country’s frozen assets and specifying the exact amount of the properties, the source said, speaking on condition of anonymity.
Iranian government spokesman Mohammad-Baqer Nobakht has confirmed the report that $8 billion of Iranian assets blocked by the U.S. will be released as a result of the deal Iran and the six major powers reached on November 24.
The recent nuclear deal will have a great positive effect on the Iranian economy, IRNA quoted Nobakht as saying on November 25.
- Spotlight on Saudi Arabia’s "resilient" banking sector
- Lebanese startup's move to global platform paving way for entrepreneurship growth
- Saudi Prince hailed for criticizing country's banks' shortcomings
- Turkey's central bank approach: keep calm and defy Erdogan
- UAE struggles with recovering bad debts, number 'could double’ in next few years
- Egyptian officials mistaken over UK's positions on Mubarak's assets
- Frozen assets of “terror sponsoring” nations open to US compensation claims
- Iraq: $1.8 billion frozen by Arab countries
- US Commerce Department launches Iraq Reconstruction Task Force
- Breaking the ice: Iran receives first installment of $4.2b frozen oil revenue