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September 30, 2015 10:09 am

Iran’s Central Bank Expects $29 Billion of Frozen Funds to Be Released by January

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The Central Bank of Iran (main building) expects the country's frozen funds to be released by January. Photo: Orijentolog.

The Central Bank of Iran (main building) expects the country’s frozen funds to be released by January. Photo: Orijentolog.

Iran expects about $29 billion of funds to be unfrozen and repatriated to its central bank by January, 2016 at the latest, as economic sanctions are eased after July’s nuclear deal, a senior central bank official said.

“It’ll be around that time,” Gholamali Kamyab, central bank vice governor for foreign exchange affairs, said in an interview Friday on the sidelines of an investment conference in Geneva.

Read full story at Bloomberg.

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