Tehran (IP) - The Head of Iran's Central Bank (CBI) announced on Saturday that all of Iran's currency assets blocked in South Korea were released.

Iran PressIran news: The news came as five American prisoners, convicted of espionage and sabotage, were exchanged with the Iranian detained in the US because of neutralizing the White House sanctions on Iran.

Mohammad-Reza Farzin said in a message that the monetary sources are to be used in the form of bank payments for purchasing non-sanctioned goods. 

Farzin appreciated the negotiating team over their efforts to liberate the currencies blocked and said that the trend will continue. 

"Thanks to the technical follow-ups and successful diplomacy, all of Iran's seized foreign currency resources in South Korea were released with the costs of changing them from Won to Euro were also accepted by a third country," he wrote in a tweet on Saturday. 

The Head of CBI added: "Therefore, all these Euro resources will be deposited into the accounts of 6 Iranian banks in Qatar and will be used as bank payments to buy non-sanctioned goods."

Issuing a statement, Iran's Ministry of Foreign Affairs said: "The process of releasing several billion dollars of assets of the Islamic Republic of Iran, which had been illegally seized in South Korea by the US for several years, has begun, with Iran having received the necessary guarantee for the US' commitment to its obligations in this regard."

Iran's financial resources have been illegally blocked or made it difficult for the country to use them due to foreign banks' concern about the US' punishment.

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