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Iran has $100 billion abroad, can draw $4.2 billion: U.S. official
Source: Reuters
Iran has $100 billion abroad, can draw $4.2 billion: U.S. official
BY FREDRIK DAHL
VIENNA Fri Jan 17, 2014 6:37am EST
(Reuters) - Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to draw $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.
The official, who spoke on condition of anonymity, said the money and assets were held in various countries and that a significant proportion was Iran's oil revenue. Financial and other sanctions have meant that Tehran has not had free access to spend it.
Under the November 24, six-month accord between Iran and the major powers, Tehran will receive limited sanctions relief, which the U.S. estimates to be worth about $7 billion, in return for curbing its disputed nuclear program.
Of this amount, $4.2 billion is in the form of access to currently blocked Iranian revenue held abroad.
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BY FREDRIK DAHL
VIENNA Fri Jan 17, 2014 6:37am EST
(Reuters) - Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to draw $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.
The official, who spoke on condition of anonymity, said the money and assets were held in various countries and that a significant proportion was Iran's oil revenue. Financial and other sanctions have meant that Tehran has not had free access to spend it.
Under the November 24, six-month accord between Iran and the major powers, Tehran will receive limited sanctions relief, which the U.S. estimates to be worth about $7 billion, in return for curbing its disputed nuclear program.
Of this amount, $4.2 billion is in the form of access to currently blocked Iranian revenue held abroad.
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Read more: http://www.reuters.com/article/2014/01/17/us-iran-assets-usa-idUSBREA0G0LR20140117
