World Bank: Iran gains access to $30B in frozen assets
Iran has gained access to its $30 billion in frozen assets following the implementation of the Joint Comprehensive Plan of Action (JCPOA) January 16, World Bank announced. “As part of the JCPOA, some $30 billion of Iran's frozen assets have been released, allowing the government to access funds and assets abroad,” The World Bank’s latest MENA Quarterly Economic Brief, “Whither Oil Prices?” report said. The report further added that the slump in oil prices has hurt the Iranian economy but less than other oil producers in the region. The ...
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