Iran has $100 billion abroad, can draw $4.2 billion - U.S. official


  • World
  • Friday, 17 Jan 2014

A young boy stands behind a flag as he and his mother, supporters of Iranian President Mahmoud Ahmadinejad, wait for his arrival at Tehran's Mehrabad International Airport May 5, 2010, after his trip to attend the Nuclear Non-Proliferation Treaty Review Conference at United Nations Headquarters in New York. REUTERS/Morteza Nikoubazl

VIENNA (Reuters) - Iran has about $100 billion (60.8 billion pounds) in foreign exchange assets around the world, of which it will be able to access $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.

The official, who spoke on condition of anonymity, said the money and assets were held in various countries and that a significant proportion was Iran's oil revenue. Financial and other sanctions have meant Tehran has not had free access to spend it.

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