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Iran Gets First Tranche of Assets under Sanctions Relief

Iran was set to receive the first $550 million installment in previously blocked overseas funds early this week as part of an interim nuclear deal, the United States confirmed on Monday. Iran's official IRNA news agency earlier on Monday reported the money went into an Iranian Central Bank account in Switzerland. A U.S. Treasury spokeswoman confirmed the development by email. Under a Nov. 24 nuclear agreement, six major powers agreed to give Iran access to $4.2 billion...

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