07 October 2023 - 12:49

1.7 billion dollars of Iran's foreign currency assets were released in Luxembourg

1.7 billion dollars of Iran's foreign currency assets were released in Luxembourg
Judicial obstacles to access one billion and 700 million dollars of foreign currency assets of Central Bank of Islamic Republic of Iran in this country were removed.
News ID : 140074

IBENA- By issuing of decision of Supreme Court of Luxembourg, judicial obstacles to access of one billion and 700 million dollars of foreign currency assets of Central Bank of Islamic Republic of Iran in this country were removed.

 

Property and foreign currency assets of Central Bank of our country were seized by Clear stream Institute of Luxembourg in 2020 by the complaint of some American citizens, and finally, in last few days (September 28, 2023), Supreme Court of Luxembourg objected and argued with legal pursuits of our country. Central Bank of Islamic Republic of Iran accepted it and violated previous decision of the court of this country.

 

It is worth saying that with legal actions and follow-ups of Central Bank, at now, judicial obstacles to access foreign currency assets of this bank in the European country of Luxembourg, 1.7 billion dollars, have been removed and these resources are now available to Central Bank of Iran.

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