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Iran Says It Started Process to Unfreeze Assets, Cites Progress in Swiss Talks
Summary
- Iranian Finance Minister Madanizadeh said the Central Bank of Iran had begun the necessary steps to secure the release of overseas frozen assets.
- Hemmati, governor of the Central Bank of Iran, said there had been clear progress on the issue of Iran's frozen assets after the Swiss talks and that the related funds would be used in stages.
- Markets see the talks on the release of Iran's frozen assets as a variable that could gauge follow-up negotiations between the US and Iran and expectations for sanctions relief.
Forecast Trend Report by Period
Iran's central bank has begun procedures to unfreeze assets held overseas, according to a media report. Iranian officials said talks in Switzerland brought progress on the issue.
Odaily, a cryptocurrency news outlet, reported on June 22, citing China Central Television, that Iranian Finance Minister Madanizadeh said the central bank had started the necessary steps to release the frozen assets.
The amount involved and other details have not been disclosed.
Abdolnaser Hemmati, governor of the Central Bank of Iran, described the Switzerland talks as "urgent and difficult." Still, he said the outcome broadly aligned with the goals set by the Iranian delegation.
Hemmati added that there had been clear progress on the issue of Iran's frozen assets. The related funds will be used in stages over the coming days under decisions and instructions from the central bank.
Markets view discussions over releasing Iran's frozen assets as a barometer for follow-up talks between the US and Iran and for expectations of sanctions relief.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
