#AceNewsServices says `Iran gets $500 Million in Frozen Assets’
Iran has received the first portion of its unfrozen assets as a part of a nuclear deal with world powers, deputy foreign minister Abbas Araqchi announced. “The first tranche of $500 million was deposited in a Swiss bank account, and everything was done in accordance with the agreement,” Araqchi said. According to the deal with the P5+1 group, the five permanent members of the UN Security Council plus Germany, Iran will regain access to some $4.2 billion in frozen assets with payments evenly distributed across 6 months. In exchange Iran has agreed to limit its uranium enrichment to 5 percent and began implementing the deal on January 20.