Tehran (IP) - Governor of the Central Bank of Iran (CBI) announced the cancellation of the US action to seize and transfer funds of the Central Bank of Iran in Europe.

Iran Press/Iran news: With the observation of US efforts and the taking legal actions in advance, as well as the result of judicial proceedings in Luxembourg, two victories were achieved for the Central Bank of the Islamic Republic of Iran," Abdolnaser Hemmati said on Wednesday 8 April. 

The CBI Governor added: "First, freeze order has been lifted from $1.6 billion belonging to the Central Bank of Iran, which had been confiscated by Clearstream Institute in Luxembourg since January 15, 2016."

He stated, "A temporary order from another branch of the Luxembourg courts also prevented the transfer of the same funds to the United States and the distribution among the false claimants of the September 11 incident."

Earlier, a US court ruled in absentia that the Islamic Republic of Iran had to pay compensation to the families of the victims of the September 11, 2001, terrorist attacks.


Read More:

CBI Governor: Unfreezing Iran’s assets on positive track

Zarif urges rapid Financial Instrument to be activated for Iran's CBI

CBI: Growth in big industrial workshops reached 6.1%