So it looks like I had it wrong. There are two different stories here. First with the signing of the JCPOA there were accounts in foreign banks, not US banks, that belonged to the Central Bank of Iran (CBI) that were unfrozen, these funds were/are a part of The CBI’s reserves, not deposits of Iranian nationals. According to the US Treasury the amount unfrozen was about $50 billion (https://www.treasury.gov/press-center/press-releases/Pages/jl0144.aspx). Second there was a cash payment made by the Obama admin of $1.3 billion. The cash delivered was to settle an outstanding debt the US had with Iran. Before the Islamic revolution the Iranian government paid $400 million to the US for weapons. Once the revolution occurred the weapons were never delivered. The $1.3 billion cash payment settled the outstanding debt with interest (https://archive.is/nYq94).
Before the Islamic revolution the Iranian government paid $400 million to the US for weapons. Once the revolution occurred the weapons were never delivered. The $1.3 billion cash payment settled the outstanding debt with interest
The brass balls on the Iranians to even think to ask for this. Though it worked (and presumably, will again).
So it looks like I had it wrong. There are two different stories here. First with the signing of the JCPOA there were accounts in foreign banks, not US banks, that belonged to the Central Bank of Iran (CBI) that were unfrozen, these funds were/are a part of The CBI’s reserves, not deposits of Iranian nationals. According to the US Treasury the amount unfrozen was about $50 billion (https://www.treasury.gov/press-center/press-releases/Pages/jl0144.aspx). Second there was a cash payment made by the Obama admin of $1.3 billion. The cash delivered was to settle an outstanding debt the US had with Iran. Before the Islamic revolution the Iranian government paid $400 million to the US for weapons. Once the revolution occurred the weapons were never delivered. The $1.3 billion cash payment settled the outstanding debt with interest (https://archive.is/nYq94).
The brass balls on the Iranians to even think to ask for this. Though it worked (and presumably, will again).
So he did just arbitrarily pay them a bunch of extra money for nebulous reasons?
Always heard about those pallets of cash but never actually knew the details.
hah wow thats even worse than I thought it was