Iran’s central bank tries to unfreeze foreign assets
Governor seeks to reduce effects of US sanctions, but expert says nuclear talks will be key
Iran’s central bank governor Abdolnaser Hemmati has been holding talks with several foreign governments in a bid to free some of the country’s foreign assets.
Sanctions imposed by the US government have prevented Iran from recovering these assets. Iran’s government is struggling with limited reserves and a declining currency.
The Central Bank of Iran’s (CBI) highest profile negotiations have been with South Korea, where assets worth up to $7 billion have been frozen by the sanctions. Iran’s
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