Iran and South Korea have reached an agreement on using "a part" of Iran’s foreign currency assets frozen in the Asian country.
The agreement was reached in a meeting between the governor of central bank, Abdolnasser Hemmati and South Korea’s ambassador in Tehran, Ryu Jeong-hyun, according to a statement published on the CBI website.
"Agreements were reached on how the money would be transferred to the target destinations," the Central Bank of Iran said in the statement. "The CBI announced the amounts to be transferred and the target banks".
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