Sunday August 19, 2018
Home Uncategorized Iran gets bac...

Iran gets back 13 tonnes of gold in sanction relief

0
//
38
Republish
Reprint

Tehran: Iran has received 13 tonnes of gold which had been held in South Africa for two years due to sanctions, Iran’s central bank announced on Wednesday.
The gold was delivered to the central bank on Tuesday night. After purchasing the gold, Iran had to deposit it in South Africa as sanctions blocked its way to Iran, semi-official Fars news agency quoted Central Governor Valiollah Seif as saying.
The report did not mention where and when did Iran purchase the gold, according to Xinhua.
Seif thanked Iranian nuclear negotiators for the return of the gold, saying that their efforts at the Vienna talks helped to free the frozen asset.
Iran has received $4.2 billion in unfrozen assets under the 2013 interim agreement with the US and was then given another $2.8 billion by the Obama administration last year in a bid to keep Tehran committed to the talks. (IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

SBI Launched MOPAD For Digital Convenience Of Customers And Merchants

MOPAD allows the customer to make payments through "Cards, Bharat QR, UPI and SBI Buddy (e-wallet)" on a single PoS (Point of Sale) terminal.

0
"This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.". Flickr

Lending major State Bank of India (SBI) on Wednesday launched a Multi Option Payment Acceptance Device for digital convenience of customers and merchants.

According to the lending major, MOPAD allows the customer to make payments through “Cards, Bharat QR, UPI and SBI Buddy (e-wallet)” on a single PoS (Point of Sale) terminal.

“MOPAD will help merchants to integrate different kinds of transaction through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow,” SBI Chairman Rajnish Kumar was quoted as saying in a statement.

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr
As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr

“This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.”

Also Read: SBI reduces lending rates on home and vehicle loans

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner.

Currently, SBI has deployed 6.23 lakh PoS terminals. (IANS)

Next Story