Iran’s central bank tries to unfreeze foreign assets

Rial banknotes
Adam Jones

Iran’s central bank governor Abdolnaser Hemmati has been holding talks with several foreign governments in a bid to free some of the country’s foreign assets.

Sanctions imposed by the US government have prevented Iran from recovering these assets. Iran’s government is struggling with limited reserves and a declining currency.

The Central Bank of Iran’s (CBI) highest profile negotiations have been with South Korea, where assets worth up to $7 billion have been frozen by the sanctions. Iran’s

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