Economy, Business And Markets

More Assets Released

More Assets ReleasedMore Assets Released

The third installment of Iran’s blocked assets will be received until Thursday, the Central Bank Governor Valiollah Seif announced Wednesday. “The forth installment is also going to be received soon,” said Seif, who was attending a press meeting after the cabinet meeting. The governor said that the installment will be received under the “normal procedures”.  The installments are part of a total of $2.8 billion in frozen assets, which were agreed in a deal reached between Iran and the six world powers, known as the P5+1 group, to be released in six installments in three week intervals starting from August first. Iran has already received $4.2 billion in its frozen assets based on the agreement achieved last November with P5+1.