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Tehran says $100bn in frozen assets ‘fully released’ after nuclear deal

Iran said Monday it now has access to more than $100 billion worth of frozen overseas assets following the implementation of a nuclear deal with world powers, AP reported. Much of the money had been piling up in banks in China, India, Japan, South Korea and Turkey since international sanctions were tightened in 2012 over Iran’s nuclear program, according to government spokesman Mohammad Bagher Nobakht. Nine Iranian banks are now reconnected to SWIFT, which handles wire transfers between financial institutions, ISNA news agency quoted Central Bank official Nasser Hakimi as saying.

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