US paid $1.7 billion, after $400Mil, to Iran in foreign cash
The Obama administration acknowledged Tuesday that a $1.7 billion transfer to Iran earlier this year was paid entirely in foreign hard currency.
An initial $400 million delivery was sent to Tehran Jan. 17, the same day Iran agreed to release four American prisoners. Congressional officials told the Wall Street Journal that the remaining $1.3 billion was paid in two more installments delivered on Jan. 22 and Feb. 5.
A Treasury spokeswoman told the Associated Press the cash payments were necessary because of the “effectiveness of U.S. and international sanctions,” which isolated Iran from the international finance system. The payments were made in Swiss francs, euros and other currencies.
Officials from the Treasury, Justice and State Departments briefed congressional staffers on the payment details Tuesday at the Capitol…. read more here
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Sure is empty down here...