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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    He revealed the details of the release of $10 billion of Iranian funds frozen in South Korea and Ira

    Rocky
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    He revealed the details of the release of $10 billion of Iranian funds frozen in South Korea and Ira Empty He revealed the details of the release of $10 billion of Iranian funds frozen in South Korea and Ira

    Post by Rocky Fri 11 Aug 2023, 5:22 am

    He revealed the details of the release of $10 billion of Iranian funds frozen in South Korea and Iraq



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    2023-08-11 04:05
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    Shafaq News/ Today, Friday, official Iranian media revealed the details of the agreement reached by Iran with the United States of America under the auspices of a third country, which provides for the exchange of prisoners between the two countries and the release of Iranian funds frozen in South Korea and Iraq.
    The official Iranian News Agency, "IRNA", quoted an official source familiar with this agreement, as saying, "This agreement requires Iran to release 5 American prisoners in exchange for the release of 5 Iranian prisoners in the United States of America."



    He explained that "in addition to that, 6 billion dollars of Iranian money frozen in South Korea will be released, along with a large part also of Iranian money in the Iraqi TBI Bank," noting that "the first stages of the process of releasing Iranian money in European banks have begun." ".
    Also, according to this source, it is scheduled that in this context, Iran's money in South Korea will be transferred from the "won" (South Korean currency) to the euro, which has been done and then it will be transferred to a bank in Switzerland and from there to a bank account in Qatar. To be available to Iran to collect this money.
    The source noted that the American prisoners will not be released until the Iranian money is completely transferred to Qatar.
    He also indicated that the prisoner exchange process will take place in Qatar after Iran verifies its ability to withdraw its money from an Iranian account in Qatar.
    Meanwhile, the Iranian Ministry of Foreign Affairs issued a statement regarding the Iranian-American agreement on the exchange of prisoners and the release of Iranian funds frozen by the United States of America.
    "The process of releasing billions of dollars of Iranian money illegally confiscated by the United States in South Korea for several years has begun," the Iranian Foreign Ministry said in a statement, noting that "necessary guarantees have been obtained for America to fulfill its obligations in this regard."
    The statement pointed out that "the issue of releasing the frozen funds of the Islamic Republic of Iran and removing restrictions imposed on its financial resources, which were illegally blocked and confiscated, or even difficult to access due to foreign banks' fears of repressive US sanctions, has always been on the agenda of the Ministry of Foreign Affairs."
    The statement stated that "the method of using these frozen funds after their release will be at the disposal of Iran, which will be spent by the competent authorities in the manner it deems appropriate to meet the various needs of the country."
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