Economics
Iran's Central Bank Says Frozen Funds to Be Released by January
- Funds to be returned as sanctions eased under July deal
- Amount reaches about $29 billion, Vice Governor Kamyab Says
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Iran expects about $29 billion of funds to be unfrozen and repatriated to its central bank by January 2016 at the latest as economic sanctions are eased after July’s nuclear deal, a senior central bank official said.
“It’ll be around that time," Gholamali Kamyab, central bank vice governor for foreign exchange affairs, said in an interview Friday on the sidelines of an investment conference in Geneva.