Arab Today, arab today iran foreign holdings 29bn not 100bn plus
Last Updated : GMT 00:28:32
Arab Today, arab today
Arab Today, arab today

Iran: Foreign holdings $29bn, not $100bn plus

Arab Today, arab today

Arab Today, arab today Iran: Foreign holdings $29bn, not $100bn plus

Iran has assets of $29bn in overseas banks
Tehran - AFP

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal -- far less than reported estimates of over $100 billion, the country's central bank chief said.

Valiollah Seif told state television late Saturday that the holdings comprised $23 billion in foreign exchange belonging to the bank and another $6 billion of the Tehran government's money.

The remarks from Seif, central bank governor since September 2013, suggest that under the nuclear deal struck on July 14, Iran stands to regain far less in fresh funds than has been stated.

Seif said the figure of more than $100 billion included "$35 billion already allocated for oil projects and $22 billion held on security deposit guarantee in Chinese banks" for buying goods.

Opponents of the final nuclear deal agreed in Vienna, notably Israel, have cited figures of $100 billion and more, saying access to such large sums would allow Iran to boost its support for militant groups across the Middle East.

Iran has provided billions of dollars of credit and other financial aid to Syrian President Bashar al-Assad, whose regime is fighting a four-year old Arab- and Western-backed uprising.

And Israel's Prime Minister Benjamin Netanyahu has said unblocked money will allow Tehran to further its backing for Lebanese group Hezbollah and Palestinian groups Hamas and Islamic Jihad.

Tehran has said the money is needed for domestic investment in oil and gas, petrochemicals and other key industries.

Seif appealed for more foreign interest in Iran's damaged economy. "We can absorb between $200-$300 billion in foreign investment," he said.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran foreign holdings 29bn not 100bn plus Arab Today, arab today iran foreign holdings 29bn not 100bn plus

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday