The Governor of the Central Bank of Iran, Mohammad Reza Farzin, revealed on Wednesday that a portion of Iran's frozen assets will soon be released. Speaking before the Economic Committee of the Assembly of Experts in Tehran, Farzin noted that the released assets will be allocated to Iran based on consultations that have taken place.
Farzin provided details on the volume of the released Iranian assets and how they will be spent, indicating that another portion of the held funds will also be released soon and will be made available to the Iranian government. He addressed the measures taken by the Central Bank to reduce inflation rates, curb the growth of monetary liquidity, and control the foreign currency and gold market, mentioning that a new center for exchanging gold and foreign currency will be launched in the near future.
On September 18, South Korea announced the release of Iranian assets valued at $6 billion, following a US-Iranian deal for a prisoner swap mediated by Qatar. These funds had been frozen in South Korea, which is one of Iran's largest oil customers, due to US sanctions. Under the agreement, the $6 billion will be deposited in Qatari banks and used by Tehran to finance goods not subject to US sanctions, such as food and medicine.
