Iran: $100B in Assets ‘Fully Released’ Under Nuclear Deal

Iran says it now has access to more than $100 billion worth of frozen overseas assets following the implementation of the nuclear deal with world powers.

Government spokesman Mohammad Bagher Nobakht says much of the money had been piling up in banks in China, India, Japan, South Korea and Turkey since international sanctions were tightened in 2012 over Tehran’s nuclear program. His comments were posted on the site of state-run Press media on Monday.

The landmark agreement brought about the lifting of international sanctions last month after the U.N. verified that Iran had curbed its nuclear activities.

Iran’s semi-official ISNA news agency meanwhile quoted Central Bank official Nasser Hakimi as saying nine Iranian banks are now reconnected to SWIFT, a Belgian-based cooperative that handles wire transfers between financial institutions.