Iran central bank slams latest asset freeze ruling

Luxembourg court freezes $1.6 billion of central bank assets amid terrorism compensation case

The Central Bank of Iran
The Central Bank of the Islamic Republic of Iran
Ensie & Matthias/Flickr

The Central Bank of the Islamic Republic of Iran (CBI) has attacked a decision by a Luxembourg court that could pave the way for $1.6 billion of its assets to be appropriated as compensation for victims of the September 11, 2001 terrorist attacks.

Earlier in March, the court ruled the assets, currently being held in an account at Clearstream, should be frozen until a ruling on a possible compensation payout could be made.

In a statement in Persian on March 26, the central bank criticised the

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