Iran’s central bank estimates frozen assets at $24 billion

Iran’s central bank estimates the country’s frozen overseas assets at $24 billion, Iranian media reported.

Access to blocked funds remains one of the key issues in negotiations between Tehran and Washington, with Iran seeking the phased release of assets as part of a possible agreement with the United States. 

Iranian sources said Tehran hopes to gain access to part of the funds before the end of the negotiations, with the remaining amount potentially released during an agreed transition period. 

Iranian officials estimate that the country’s total frozen assets abroad exceed $100 billion, although around $24 billion could become available under the arrangements currently under discussion.