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![]() « ISIS Attacks Shiites | Main | Russia Ousting Saudis As Oil Seller to China » Iran & Their Newfound $Billions
By Micah Halpern
Tuesday February 2,2016 I've Been Thinking: Iran has announced through their media that all $100 billion of frozen assets are now unfrozen. Most of the money was kept in banks in China, South Korea, Turkey, India and Japan. It sat and earned interest. The Iranians are now accessing those assets. Iran is now reconnected to SWIFT, a Belgian-based cooperative that transfers monies from bank to bank. For years no foreign banks were located in Iran so all funds needed to be transferred through SWIFT. Much of the money will remain abroad. This is telling. It tells us that the Iranians are nor fearful that their funds will be frozen again in the future. Watching how Iranian leadership conducts itself now that the sanctions against them have been lifted is an important key in understanding how Iran views the future. Read my latest book THUGS. It's easy. Just click. To reprint my essays contact sales (at) www.featurewell.com 4 June 2017 12:12 PM in Thoughts
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