Jul 23, 2014, 4:36 PM
News Code: 2732191
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Afkham: $4.2bn in frozen assets paid to Iran

Tehran, July 23, IRNA – Foreign Ministry spokeswoman Marzieh Afkham said on Wednesday that the eight and last installment of Irania frozen assets valued at $4.2 billion has been fully paid.

Speaking to reporters in her weekly press briefing, Afkham said earlier $550 million had been deposited in the account of the Central Bank of Iran as agreed upon in an interim accord between Iran and the six world powers.

The frozen Iranian assets were to be released in eight stages, as agreed upon, and Tehran would dilute its 20% enriched uranium within the next 12 months.

Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany) clinched a long-sought deal in November in the Swiss city of Geneva. The two sides have agreed to a stage-by-stage implementation of the interim agreement.

The accord requires the West to ease some of the existing sanctions in exchange for Tehran’s confidence-building measure not to develop the national nuclear program for a six-month period.