America Allows Iraq to Release $500 Million of Iranian Assets

The Secretary General of the Iraqi-Iranian Joint Chamber of Commerce, Hamid Hosseini, revealed that "America has permitted the payment of $500 million of Iranian funds in Iraqi banks." He noted that "Iraq deposits the funds for Iranian electricity and gas into an account in the name of the National Gas and Electricity Distribution Company, but this does not mean that Iran can access this money." He explained in an interview with Tasnim news agency that "Iran's funds are located in a bank under U.S. supervision, and only goods not subject to sanctions are allowed to be imported. In March of last year, $1 billion worth of goods were imported to Iran through this channel, and Iran's dues to Turkmenistan were also paid through it."