(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 13. Iran's frozen assets
abroad are expected to be unblocked in the coming weeks, Iranian
Minister of Economic Affairs and Finance Ehsan Khandouzi said at a
press conference in Tehran on June 13, 2023, trend reports.
The minister said that as a result of the efforts of the Iranian
Ministry of Foreign Affairs and the Central Bank of Iran, positive
progress has been made in the direction of unblocking Iran's frozen
assets in abroad.
Answering the correspondent's question about taking a loan from
Iran's reserves in the International Monetary Fund (IMF), Khandouzi
added that this loan will not create any obligation for Iran to
repay the funds. This loan will increase Iran's investment in the
International Monetary Fund. An independent technical staff is
currently working on this issue. It is hoped that these steps will
help the Central Bank of Iran to manage the foreign exchange market
in the country.
On May 8, 2018, the US announced its withdrawal from the Joint
Comprehensive Plan of Action (JCPOA) between Iran and the 5+1 group
(Russia, China, the UK, France, the US, and Germany), and imposed
new sanctions against Iran as of November 2018.
Over the past period, the sanctions affected Iranian oil
exports, more than 700 banks, companies, and individuals. The
sanctions have resulted in the freezing of Iranian assets
abroad.
Recently, Iranian media made a report about the unblocking of
$24 billion of Iran's frozen assets abroad. Of that, more than $10
billion is expected to be unblocked in Iraq, while $7 billion is in
South Korea.
Also, an agreement was reached that the Central Bank of Iran can
receive more than $6.7 billion from the reserve asset (SDR) in the
IMF.
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