...

Iran’s blocked $490M assets deposited in Oman

Business Materials 31 December 2014 12:52 (UTC +04:00)

Baku, Azerbaijan, Dec. 31

By Fatih Karimov - Trend: Central Bank of Iran announced that $490 million of Iran's blocked assets was deposited in the bank's branch in Oman.

The first installment of the third tranche of Iran's blocked assets was deposited to the Central Bank's branch in Oman, Iran's IRNA news agency reported on Dec. 31.

Under an interim deal with the U.S. and five other world powers in November, Iran won access to $4.2 billion in past oil revenue from a number of countries, including India.

The funds, which could not be transferred as western powers had clamped down on payment routes, were to be paid in eight installments of $550 million each beginning with the first transfer by Japan on February 1.

Latest

Latest