INSUBCONTINENT EXCLUSIVE:
provision of funds needed by Iranian Hajj pilgrims.Also, another part of the assets has been used to pay for the provision of basic
commodities, he added.In addition to the Iranian funds in Iraqi banks, there have been reports about the possible release of Iranian funds
in other countries such as South Korea
Officials from the United States and South Korea are holding talks over unfreezing Iranian funds held in South Korean banks, according to a
South Korean daily.The talks are focused on releasing the $7 billion Iranian funds that have long been blocked in South Korean banks due to
The funds are oil revenues dating back to the period prior to the re-imposition of U.S
successful, the frozen money will be allowed to be transferred to Iranian bank branches in neighboring Middle Eastern countries, not
directly to Iran, to monitor the flow and use of the funds, sources said.The Korean newspaper also pointed to media speculation over the
concessions that Iran is expected to make in exchange for getting its money unfrozen
It said that media reports alleged that Iran would release U.S
prisoners and limit uranium enrichment levels to 60% in return
