Iran's 22.3-million-euro blocked assets in Cuba, Sri Lanka released

EghtesadOnline: Head of the Financial Security and International Investment Department of Iran Export Development Bank (IEDB) Kamran Rezvani said that after the JCPOA, 22.3 million euro worth Iranian foreign exchange assets in Sri Lanka and Cuba were released.

News ID: ۷۷۹۲۸۹

18 September 2017

Rezvani said the preliminaries for payment of the resources were made following frequent visits in the post-JCPOA era, according to IRNA.

He said that on the first leg, eight million euros out of the blocked assets were released in Cuba and 14.4 million euros more have been freed in Sri Lanka.

He added that had the resources not been released, the damage should have been paid out of the resources of the Export Guarantee Fund and it would have definitely negatively affected the capability of the bank to pay damage.

'With such a gesture, we not only managed to regain our resources with good profit, but also helped the Export Guarantee Fund to recover damage.'