Sept 11, Colombo: Iran today announced that its euro 14.4 million worth foreign exchange assets in Sri Lanka have been released after the Joint Comprehensive Plan of Action (JCPOA) agreement.
Head of the Financial Security and International Investment Department of Iran Export Development Bank (IEDB) Kamran Rezvani said that after the JCPOA, 22.3 million euro worth Iranian foreign exchange assets in Sri Lanka and Cuba were released.
Rezvani said the preliminaries for payment of the resources were made following frequent visits in the post-JCPOA era. IRNA reported.
He said that on the first leg, eight million euros out of the blocked assets were released in Cuba and 14.4 million euros more have been freed in Sri Lanka.
He added that had the resources not been released, the damage should have been paid out of the resources of the Export Guarantee Fund and it would have definitely negatively affected the capability of the bank to pay damage.