Iran will be entitled to receive the preciously blocked fund
The receiver was called after Scots banks blocked fund
transfers to Cologne.
Some examples include:Currency controls prevent airlines from repatriating their revenue; total blocked funds
now stand at US$3.
In congressional testimony last January, David Cohen of the US Treasury put the size of the blocked funds
at $100 billion.
In particular he provided insightful guidance as we grappled with diverse challenges including aircraft tracking, overflight of conflict zones, Ebola and the continuing issue of blocked funds
2bln of Iranian blocked funds
should be released in three phases, $4.
2 billion in blocked funds
globally, two industry sources said.
The NGO Affairs Bureau has previously blocked funds
to groups and opened investigations on political grounds, Human Rights Watch said.
IATA continues its call for the immediate release of the blocked funds
for repatriation at the exchange rates in place at the time the funds were generated.
They demanded immediate release of blocked funds
in refund regimes enabling the textile exporters to reap the benefits of GSP plus status.
Iran Receives $525 Million in Blocked Funds
The money has begun to flow back into Persia and there's more where that 500 million came from.
Iran to get first $550m of blocked funds