Iranian Central Bank Chief on Islamabad MOU
Iranian Central Bank Governor Abdolnaser Hemmati clarified that the memorandum of understanding with the United States included the gradual release of $12 billion of Iranian frozen assets, intended for use in importing essential goods and medicines. He confirmed that these funds are owned by the Central Bank and will be used within a framework allowing their utilization for purchasing necessary goods, with the possibility of buying from American and European companies without restrictions. He also stated that oil exports will continue during the negotiation period and will help reduce financial transfer costs and ease sanctions.
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