Three Billion Dollar Windfall: Frozen Iranian Assets in Iraq Unfrozen ...Iraq

News by : (SHAFAQ NEWS) -
Shafaq News/ Iranian authorities announced today, Saturday, the unfreezing of nearly three billion dollars of their financial assets domiciled in Iraq; a move that is deemed a substantial financial windfall for the Iranian economy, which has long been contending with the burden of international sanctions. This development was made public by several Iranian media outlets, who quoted Yahya al-Eshaq, the head of the Iran-Iraq Joint Chamber of Commerce. Al-Eshaq noted that "a portion of our outstanding debts owed by Iraq has been liquidated. Some of it is allocated to address the needs of Iranian pilgrims, while another part has been diverted towards the procurement of essential commodities

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