Iran's Central Bank Governor Abdolnaser Hemmati said the emerging memorandum of understanding with the US will release $12 billion in frozen Iranian funds in the first phase, earmarked for 'essential goods and medicines.' He also confirmed a 60-day exemption from oil export sanctions, and acknowledged that the arrangement effectively frees up billions for other purposes, including military and IRGC needs, according to the source tracking Iran news.
Iran's Central Bank Governor Abdolnaser Hemmati provided a rare public window into how Tehran intends to leverage the emerging memorandum of understanding with the United States, according to the source tracking Iran news that relayed his remarks. Hemmati disclosed that in the first phase, some $12 billion in frozen Iranian funds would be released, designated for 'essential goods and medicines.' He added that the deal includes a 60-day exemption from oil sanctions, allowing the regime to reactivate old export routes and funnel cash without interruption.
Hemmati acknowledged that Iran already spends $10–15 billion annually on basic imports; once the unfrozen US funds cover food and medicine, the freed-up budget can be redirected—in his words, to 'other needs,' a euphemism for rebuilding military infrastructure, arming the IRGC, and financing terror networks. He defined the overall accord as 'positive' for the regime.
The admission comes amid weeks of reports on the emerging framework. As The Zioneer has previously reported, earlier drafts discussed $24–25 billion in asset releases and immediate oil sanctions relief. The governor's remarks confirm that the humanitarian channel serves as a de facto financial laundering mechanism, allowing the regime to claim economic victory while sustaining its military and proxy apparatus. The disclosure underscores the security implications for Israel and the broader region, as the deal's fungible nature could rapidly accelerate Iran's weapons programs.
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