Iran’s Blocked Assets in South Korea, Other Countries to Be Released Soon
TEHRAN (Tasnim) – The economic spokesman for the Iranian administration said on Tuesday that Iran’s foreign exchange resources (FOREX) blocked in South Korea and other countries will be released within the next few weeks.
Speaking to reporters on Tuesday, Seyed Ehsan Khandouzi, who is also the Minister of Economic Affairs and Finance (MEAF), in response to a question on the release of Iran’s frozen assets in South Korea and other countries stated, “With the incessant efforts of the Ministry of Foreign Affairs and the Central Bank of Iran (CBI), good progress and achievements have been made in this area, the results of which will be witnessed in coming weeks.”
Turning to the rising inflation rate in the country, Khandouzi noted that effective steps have been taken in order to reduce the growing inflation rate.
The economy minister pointed to some comments raised on the loan Iran has requested from the International Monetary Fund (IMF) and said that the loan would not create any commitment for the country but it means an increase in the country's capital at the IMF.
An independent technical team is incessantly working on receiving the loan from the international monetary body, Khandouzi concluded.