Iran's Central Bank Governor Cites 2023 Agreement with Washington for Frozen Asset Allocation

Iran's central bank governor has invoked a 2023 accord reached with Washington as the basis for directing frozen Iranian assets toward the procurement of goods and pharmaceutical supplies.

The governor stated that the institution has implemented the terms outlined in the document signed between Iran and the United States three years prior. According to his remarks, this agreement provides the framework for reallocating the blocked funds specifically for humanitarian purchases of merchandise and medicines.

The move represents an effort to utilize frozen Iranian assets that have been held in international accounts, redirecting them toward meeting domestic needs for essential commodities and healthcare products. The 2023 agreement between Tehran and Washington established the mechanisms through which such allocations could be made.