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Iran receives $500 million – first installment in compliance with Geneva agreement

Tuesday, 4 February 2014

Vice-president Mohammad Baqer Nowbakht confirmed  that Iran has received the first portion of unfrozen funds, $500 million, in line with the initial phases of the nuclear deal. Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araghchi, added that “the first tranche of $500 million was deposited in a Swiss bank account, and everything was done in accordance with the agreement.” Each installment interval is $450- 550 million. Iran will receive a final bulk installment of $4.2 billion on the last day of the six-month period.

 

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  • Published: 2 years ago on Tuesday, 4 February 2014
  • By: Iran Daily Brief
  • Last Modified: February 4, 2014 @ 3:49 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.ana.ir/Home/Single/66680; http://www.tasnimnews.com/Home/Single/267150

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