Iran will regain $24 billion from its frozen assets abroad

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The Iranian IRNA news agency reported on Tuesday, that Iran will soon get $24 billion from its frozen assets abroad.

Local media reported that the assets that will be released include $7 billion from South Korea, in addition to more than $10 billion from Iraq.

In addition, Tehran will receive $6.7 billion of its rights with the International Monetary Fund, following recent talks between Iranian Central Bank Governor Mohammad Reza Farzin and fund manager Kristalina Georgieva.

It’s noteworthy that Iran announced in April of last year the release of a large part of the frozen Iranian assets after reaching a new agreement independent of the nuclear agreement.

Last May, the International Monetary Fund published a report indicating a $141 billion increase in Iran’s gross domestic product in 2022, making the country the 22nd largest economy in the world.

Iran has been subject to US sanctions for several years due to the development of its nuclear program, as the sanctions restrict its oil exports and stop its accounts abroad, as well as senior officials and legal entities.

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