WarSclerotic

By: Jewish Press News Briefs

Published: July 1st, 2015

via The Jewish Press » » What Sanctions? Iran Receives 13 Tons of Gold From S. Africa.

The Central Bank of Iran took deliver of 13 tons of Iran’s gold reserves from South Africa, worth close to $12 billion, Iranian Bank Governor Volilollah Seif announced on Wednesday, according to IRNA.

Seif said that Iran’s delegation to Vienna had taken up the issue of the gold reserves last week, in the course of the nuclear talks. Once again, Iran got everything it asked for.

Seif explained that the shipments of Iranian gold reserves, purchased from South Africa two years ago, had been blocked due to the sanctions.

The Central Bank governor confirmed that three shipments had been returned to the central bank since the start of the week, and on Tuesday night “the last parcel of that gold reserve, weighing four tons, arrived in Iran and was delivered to the safe of the CBI.”

Around $100 billion of Iranian assets have been frozen by the various sanctions, though sanctions were supposed to still be suspended until a deal was reached on Iran’s nuclear program as well as its support for terrorist organizations and developing ballistic missiles.

Iran already received $4.2 billion in thawed assets under the 2013 interim agreement with the US, followed by another $2.8 billion that the Obama administration freed last year to keep Iran at the negotiating table.

Iran has already been able to free up some 20% of its frozen assets, around $19 billion. At best, that’s without doing anything, and at worse, that’s while continuing to rush towards a nuclear bomb.

So much for sanctions.

This entry was posted on July 1, 2015 at 10:53 PM and is filed under Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Central Bank of Iran, gold reserves, Iran