Iran “agree with the Korean government to lift some of the frozen funds in Korea”

Iranian Central Bank (CBI) President Abdolnaser Hemmati (left) and Iranian President Hassan Rohany. © AFP=News1

The Iranian government announced on the 22nd (local time) that it had agreed with the Korean government on how to use frozen funds in Korea.

According to Al Jazeera, the Iranian Central Bank (CBI) said in a statement that CBI President Abdolnaser Hemmati had met with Ambassador Yoo Jeong-hyun at the Korean embassy in Tehran and agreed to release some of the frozen funds in Korea.

In a statement, the CBI said that an agreement was reached on how to transfer the assets to where they wanted, and it communicated the central bank’s decision as to the size of the assets to be transferred and the destination bank.

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