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Iranian official: America agreed to release the frozen assets in Iraq

A member of the Administrative Board of the Joint Iranian-Iraqi Chamber of Commerce, Hamid Hosseini, announced that “Washington agreed to release the frozen Iranian assets in the Iraqi Commercial Bank.”

This came in a tweet to Husseini.

For his part, Iranian media reported that many financial transactions will be announced on the eve of the Nowruz holidays in Iran.

Earlier, the governor of the Central Bank of Iran, Abdel Nasser Hemmati, received the director of the Iraqi Commercial Bank, at the headquarters of the Central Bank in Tehran, and discussed with him ways to transfer Iranian assets.

Hemmati stressed the urgent need to use Iranian assets as soon as possible. The two sides also reviewed the appropriate procedures for transferring these sums to the country.

For his part, the Director of the Iraqi Commercial Bank announced, “the payment of some amounts from the Iranian assets with his country, stressing the acceleration of the use of these assets and exerting efforts to activate financial channels approved by the Iranian side in this context.”

This comes in light of the consultations that took place during the past months between banking affairs officials in Iran and Iraq, to release Iranian assets in Iraq.