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Iran's Central Bank Governor: The Memorandum of Understanding stipulates that the U.S. has an obligation to unfreeze Iranian assets

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Iran's Central Bank Governor Abdolnaser Hemmati stated on the 16th local time that regarding the unfreezing of assets under the Iran-U.S. understanding memorandum framework, the formulation of relevant provisions has fully considered all past experiences and historical cases, and efforts have been made to ensure that the mechanisms set in the agreement can provide the highest level of protection to ensure that these funds can be smoothly accessed and used. Hemmati said that the memorandum's provisions clearly specify the obligations of the United States in unfreezing assets, and these obligations are clear and enforceable, with the U.S. side being required to fulfill its commitments. Hemmati also emphasized that after the signing and commencement of the memorandum's implementation, necessary technical and banking-level verifications will be carried out to confirm whether the assets are truly unfrozen and practically usable. Hemmati stated that these unfrozen funds belong to the assets of the Central Bank of Iran, and the management, allocation, and use of these funds will be decided within the legal authority framework of the central bank. The central bank will arrange the use of funds based on national needs, economic conditions, and foreign exchange priorities. (CCTV News)
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