Iran's unfrozen funds to be wired to Qatar next week, according to Qatar's Foreign Minister

According to Qatar's prime minister and foreign minister, Sheikh Mohammed Bin Abdulrahman al-Thani, the process of transferring Iran's unfrozen funds from South Korea to Qatar's bank accounts as part of a prisoner exchange deal with the US will take place next week.

Iran (IMNA) - Al-Thani conveyed this information during a phone conversation with Iranian Foreign Minister Hossein Amirabdollahian on Thursday. Qatar has played a role as a mediator in facilitating the prisoner exchange agreement between Iran and the United States, which was announced on August 10.

The deal involves the release of five prisoners from each side and the unfreezing of approximately $6 billion worth of Iranian funds that had been inaccessible since 2018 due to US sanctions. The transfer of funds has taken over a month due to a daily limit on the amount that could be exchanged in South Korean won.

The Swiss National Bank conducted the exchange transactions, while Qatar covered the banking fees. During their phone call, Amirabdollahian expressed gratitude to Qatar for its efforts in securing the release of Iranian prisoners in the US and the unfreezing of funds in South Korea. Both sides reiterated their readiness to proceed with the prisoner swap on the agreed-upon date mediated by Qatar. Iran has already placed five US prisoners under house arrest as part of the deal, and the country's mission at the United Nations has disclosed the names of five Iranians expected to be released from US prisons.

News ID 687547


Your Comment

You are replying to: .