Iran to get first $550 mn of blocked funds in February | Bangkok Post: news

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Iran to get first $550 mn of blocked funds in February

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Iran will get a first installment around February 1 of $550 million of $4.2 billion being unblocked under a six-month landmark nuclear deal with the West, a US official said Sunday. 

US President Barack Obama speaks at the White House on January 9, 2014 in Washington, DC

"The installment schedule starts on Feb. 1 and the payments are evenly distributed" across 180 days, a senior US administration official told AFP.

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