Jul 19, 2014, 8:32 AM
News Code: 81242026
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Iran to receive $2.8 billion in arrears in four months

Vienna, July 19, IRNA – Iranian Deputy Foreign Minister Seyyed Abbas Araqchi announced that a sum of $2.8 billion will be remitted to Iran's account in the next four months.

'A total of USD 2.8 billion will be paid to Iran in six installments in the next four months,' Araqchi said.

He noted that four installment each $500 million and two installments each $400 million will be paid to Iran as of August 1 with a gap of three months each.

He underlined that the first step of Geneva agreement has been extended for four months until November 24, 2014.