That's a lot of cash
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From: Upstate NY
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That's a lot of cash
US Treasury says $1.7 billion transfer to Iran was all cash
WASHINGTON (AP) - The Obama administration is acknowledging its transfer of $1.7 billion to Iran earlier this year was made entirely in cash, using non-U.S. currency.
A Treasury spokeswoman says the cash payments were necessary because of the "effectiveness of U.S. and international sanctions," which isolated Iran from the international finance system.
The $1.7 billion was the settlement of a decades-old arbitration claim between the U.S. and Iran. An initial $400 million cash delivery was sent Jan. 17, the same day Tehran agreed to release four American prisoners.
The Obama administration had claimed the events were separate, but recently acknowledged the cash was used as leverage until the Americans were allowed to leave Iran.
The remaining $1.3 billion represented estimated interest on the Iranian cash the U.S. had held since the 1970s.
WASHINGTON (AP) - The Obama administration is acknowledging its transfer of $1.7 billion to Iran earlier this year was made entirely in cash, using non-U.S. currency.
A Treasury spokeswoman says the cash payments were necessary because of the "effectiveness of U.S. and international sanctions," which isolated Iran from the international finance system.
The $1.7 billion was the settlement of a decades-old arbitration claim between the U.S. and Iran. An initial $400 million cash delivery was sent Jan. 17, the same day Tehran agreed to release four American prisoners.
The Obama administration had claimed the events were separate, but recently acknowledged the cash was used as leverage until the Americans were allowed to leave Iran.
The remaining $1.3 billion represented estimated interest on the Iranian cash the U.S. had held since the 1970s.
This is what 1 billion looks like
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From: San Antonio, TEXAS!!!
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We are not a bank. We did not have to give them interest, yet that a**hole in the Whitehouse did.
We did not have to give them a dime until they released ALL our citizens, yet the a**hole in the Whitehouse did. (Aside from also having missed the opportunity during the treaty negotiation) I can understand being partial to one President or another, but this decision makes you the scum of the earth.
We did not have to give them a dime until they released ALL our citizens, yet the a**hole in the Whitehouse did. (Aside from also having missed the opportunity during the treaty negotiation) I can understand being partial to one President or another, but this decision makes you the scum of the earth.
