Iran to receive $32 billion of unfrozen assets

Iran will get $32 billion of unfrozen assets after the sanctions were lifted in a deal with world powers over its nuclear programme, Iranian central bank chief Valiollah Seif reported on Tuesday.

Seif words were quoted by state television saying that $28 billion (25.8 billion euros) would go to the central bank and $4 billion “will be transferred to the state treasury as the share of the government”.

UN atomic watchdog confirmed at the weekend that Iran had complied with measures imposed by the deal with global powers reached in Vienna in July and the assets were unfrozen.

Those assets can be used “to buy and import goods, as the entry of such an amount of currency in to the country is not logical,” Seif reported.

The central bank will is to keep the funds “in centralized and safe accounts” abroad, he added.