Mohammadreza Farzin said that over the past few years some $7 billion of Iranian funds were deposited in South Korean banks in a form that the money received no interest.
He added that the value of the Iranian money even shrank by a roughly $1 billion due to the devaluation of the South Korean won against the US dollar.
The official noted that all the Iranian funds in South Korea have been released and a third country has accepted to change it from won to euro.
Soon, all these euro resources will be deposited into the accounts of 6 Iranian banks in Qatar, Farzin said, adding that the money will be used for the purchase of non-sanctioned items.
He also noted that the rest of the deposited money will receive bank interests.
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