Iranian central bank should not recover assets, US government argues

Department of Justice rejects Iranian claim

The Central Bank of Iran
The central bank of Iran
Ensie & Matthias/Flickr

The United States department of justice (DoJ) has moved to block an attempt by the Iranian central bank to recover $1.75 billion of frozen assets. The bonds, held in a Citigroup account in New York by the Central Bank of the Islamic Republic of Iran, are the target of litigation by relatives of US citizens killed in allegedly Iranian-backed terrorist attacks.

Observers of the US legal system say the request by the DoJ in "Bank Markazi v. Deborah Peterson et al" makes it extremely unlikely the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.