Tehran, Baghdad Discuss Transfer of Iran's Frozen Assets
TEHRAN (FNA)- Governor of the Central Bank of Iran Abdolnasser Hemmati and President of the State-owned Trade Bank of Iraq Salem Chalabi in a meeting in Tehran reviewed ways to transfer Iran’s frozen assets in the neighboring country.
Hemmati and Chalabi conferred on methods of transferring and using Iran's resources and frozen assets in Iraq.
The Iraqi official further referred to recent payments to Tehran from its frozen assets in Iraq, underlining that efforts are made to create financial channels to facilitate the process.
In a relevant development in mid-October, Hemmati announced that the volume of Iran's blocked assets in Iraqi banks stood at five billion dollars.
"Tens of billions of dollars of our assets are frozen in foreign banks and even countries that have good relations with Iran cannot cooperate with us due to the US pressure," he said at the time on the sideline of the Cabinet meeting.