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

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By Fredrik Dahl VIENNA (Reuters) - Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to draw $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 that Tehran has not had free access to spend it. Under the November 24, six-month accord between Iran and the major powers, Tehran will receive limited sanctions relief, which the U.S. estimates to be worth about $7 billion, in return for curbing its disputed nuclear program.




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