$24b of Iran’s frozen assets to be released soon: ISNA
Following the visit of the Sultan of Oman to Iran, $24 billion of Iran’s frozen assets will be released from Iraq and South Korea in the near future, ISNA said in an exclusive report on Tuesday.
A sum of $7 billion of the assets will be released from South Korea, as more than $10 billion will be released by Iraq, most of which are related to energy exports.
Moreover, following the recent meeting between the Governor of the Central Bank of Iran Mohammad Reza Farzin and the head of the International Monetary Fund Kristalina Georgieva in Washington, Farzin announced that the Islamic Republic will soon have access to $6.7 billion of its financial resources in the IMF.
Currently, Iran has $4.8 billion worth of Special Drawing Rights (SDRs), which is equivalent to $6.7 billion, he said, adding that these resources can be used quickly to help further improve the country’s economic situation.
Farzin added that in different times, when the global economy faces recession, the IMF creates liquidity entitled “SDR Allocation, Special Drawing Rights” in order to help its members deal with their economic recession.
Iran’s chief banker also called on the IMF to support the strengthening of international banking programs for the expansion of economic relations and trade exchanges with countries.