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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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    Iran announces the release of funds held in Iraq

    Rocky
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    • Post n°1

    Iran announces the release of funds held in Iraq Empty Iran announces the release of funds held in Iraq

    Post by Rocky Fri 25 Aug 2023, 6:32 am

    Iran announces the release of funds held in Iraq

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    Economy News _ Baghdad
    Today, Friday, the Iranian Ministry of Foreign Affairs announced that within about a month, about 7 times the Iranian funds withheld in Iraq were released.
    The political assistant to the Iranian Foreign Minister, Ali Bagheri Kani, said in an interview with the Iranian semi-official "Mehr" agency, that: With the exception of South Korea, part of our money is also in Iraq.
    He added, "In the understanding that we concluded with the American side about Iran's money held in South Korea, the issue of Iran's money in Iraq was also raised, and its release began."
    Bagheri Kani added, "Since the past three weeks, we have been able to release nearly 7 times the total money that we used in Iraq last year, in the process of economic activities, and of course we expect an acceleration of the liberation process."
    On August 11, official Iranian media revealed the details of the agreement reached by Tehran 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 funds frozen in South Korea will be released, along with a large part also of Iranian funds in the Iraqi TBI Bank," noting that "the first stages of the process of releasing Iranian funds in European banks have begun." ".
    On July 11, Prime Minister Muhammad Shia’ al-Sudani announced Baghdad’s contact with the US regarding the payment of Iran’s dues for Iraq’s gas imports, amounting to 9 billion and 250 million euros, adding that Iraq had paid “up to one billion and 842 million euros in the seven-month period of The life of the government according to the agreed mechanism.
    Al-Sudani added that a delegation from the Central Bank of Iraq and the Iraqi Trade Bank left Iraq for the Sultanate of Oman with the aim of "agreeing on a formula for transferring these funds to the Sultanate of Oman in agreement with the US Treasury."


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