'€5.573bn of Iran’s blocked assets wired into 6 Iranian accounts'

The governor of the Central Bank of Iran (CBI), Mohammad-Reza Farzin, has announced that €5.573 billion from Iran’s blocked assets have been deposited into six Iranian bank accounts in two Qatari banks.

“Yesterday, we received an official letter from Qatari authorities confirming the activation of the accounts for six banks. Today, €5,573,492,000 was deposited into the bank accounts,” Farzin said on Monday.

He elaborated that the sum from Iran's blocked assets in South Korea were wired into six Iranian bank accounts in two Qatari banks of Al-Ahli and Dukhan.

Referring to the release of the blocked funds, the bank chief said, “On August 23 of this year, all inaccessible Iranian funds held in South Korean banks and Bank Melli's Seoul branch were transferred to the Swiss central bank for conversion into euros.”

Farzin added that during this period, the Iranian banks of Keshavarzi, Saman, Pasargad, Gardeshgari, Shahr, and Karafarin opened accounts in the two Qatari banks.

“According to agreements, all transactions were carried out by Qatari bank brokers and through the SWIFT system,” he noted.

Farzin further said that Iran's complaint against South Korea, due to lack of access to its funds, is actively being pursued for compensation.

News ID 196091


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