Iran receives $490 mn of frozen assets

The Central Bank of Iran announced Tuesday that it has received $490 mn of its frozen assets based on an interim deal Tehran signed with the world powers over its nuclear programme last November, a media report said.

The central bank received the latest instalment of its frozen overseas assets in its accounts in Oman. It was the fifth instalment of a total of $4.9 billion which had been agreed to be delivered to Iran in 10 payments, Press TV reported citing a statement from the bank.

Iran has so far received around $7 billion of its frozen assets in two phases.

In November 2013, Iran and the P5+1 group — Russia, China, France, Britain, the US plus Germany — clinched an interim nuclear deal for a period of six month.

According to the deal, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some relief on sanctions.

The negotiators of Iran and the world powers are now working on a final accord by the end of June 2015.