Dhaka | Wednesday | 3rd of March 2021 | Bangla Version | Get Our App EN
  • TOP STORIESTOP STORIES
  • WORLD
  • BANGLADESH
  • INDIA
  • ECONOMY
  • TECH
  • SPORTS
  • CULTURE
  • ♦ MORE ♦
  • ♦ MORE LINK ♦
    • NBS » 1-Headlines » Breaking: Some frozen funds released, expects more freeing: Hemmati


    Please subscribe to NBS YouTube channel:

    Breaking: Some frozen funds released, expects more freeing: Hemmati
    NBS | Wednesday, January 20th, 2021 | Published: 10:28 pm

    Breaking: Some frozen funds released, expects more freeing: Hemmati

    The governor of the Central Bank of Iran says some of Iranian funds locked up in foreign bank accounts have been released and further freeing is in the pipeline.

    Iran’s money, mostly from oil and gas exports, is held abroad and is difficult to access because of tightening US sanctions on the major oil producer in recent years.

    “Some of these resources have been released and we are using them. God willing, another part will also be secured,” Abdolnaser Hemmati told reporters after a cabinet meeting on Wednesday. 

    Around $2.7 billion deposited by the Seoul branch of Iran’s Bank Mellat is held by the Bank of Korea, while more than $7 billion worth of Iranian oil money is stuck at the Industrial Bank of Korea and Woori Bank, according to Yonhap news agency.

    South Korea’s refusal to free them has turned to a diplomatic spat which escalated this month when it sent an anti-piracy unit to the Strait of Hormuz after Iran detained a South Korean-flagged tanker for polluting the waters.

    “There is no political will on the part of South Korean officials to resolve this issue, but this time they have promised to return with a full hand, and this is a promise which the country’s deputy foreign minister has made,” Hemmati said.

    South Korea’s First Vice Foreign Minister Choi Jong-kun visited Tehran this month after Iran’s Islamic Revolution Guards Corps (IRGC) Navy impounded MT Hankuk Chemi on January 4 for polluting the Persian Gulf.

    He was told by Iranian officials that the detention was a prerogative of the Islamic Republic’s judicial system and pressed on Seoul’s refusal to release the Iranian assets.

    According to the head of the Central Bank, South Korea has been using the assets, suggesting that Seoul’s refusal to repay them is intentional because other countries have found mechanisms to clear their debts under the sanctions.

    “South Korea’s main problem is that it must go to American banks to exchange money,” Hemmati told national broadcaster IRIB late Tuesday. 

    “We used to import goods from South Korea, but when the embargo was imposed, all our imports of goods from the country stopped. In general, our trade with Korea was based on oil exports and imports of goods,” he said.

    SS

     

    Read on the original site


    Write your comment...

    nbs24new3 © All Rights Reserved
    News Broadcasting Service - NBS
    (NBS) 2015 - 2020

    CEO: Abdullah Al Masum,
    Editor and Publisher : Sultana Rabiya
    -------------------------------------------
    Bangshal, Dhaka-1000, Bangladesh.
    Cell : +88 02 , +88 01718 580 689
    Email : [email protected], [email protected]

    USA Office: 41-11, 28th Avenue, Suite # 15 (3rd floor), Astoria, New York-11103,
    United States of America. Cell: 917-396-5705.

    Prasenjit Das, Editor in Chief, India.
    Address : Central Road, Town Pratapgarh, Agartala, Tripura, India. +919402109140.

    Home l About NBS l Contact the NBS l DMCA l Terms of use l Advertising Rate l Sitemap l Live TV l All Paper

    Reproduction of content, news or article published on this nbs website is strictly prohibited. - Privacy Policy