Iran gets access to $10 billion in funds in Iraq

Iran has gained access to $10 billion in its assets in Iraq, the Central Bank of Iran said.

Report informs via Tasnim that the CBI announced on Thursday that the country has gained access to $10 billion in the country’s currency resources held in Iraq.

It noted that negotiations are on agenda for the procurement of those financial resources via financing in cooperation with China.

Back in August, Iran and the United States agreed under a Qatar-brokered deal to secure the release of some $6 billion in Iranian funds that had remained blocked in two South Korean banks since 2018 under the US sanctions.

The money was successfully transferred last month to accounts held by six Iranian banks in Qatar’s Ahlibank and Dukhan Bank.