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Iran: End of Sanctions Unlocking $32 Billion in Assets

The head of Iran's central bank said Tuesday the country is gaining access to $32 billion in assets as a result of the lifting of international economic sanctions tied to its nuclear program. State media quoted Valiollah Seif saying the bank has already successfully transferred some of its assets between banks to test that they were in fact no longer frozen. The United States and European Union put the sanctions in place to pressure Iran amid allegations it was working to develop...

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