Iranian Central Bank Governor Mohammad Reza Farzin addressed the frozen-assets clauses in the MOU with the U.S., saying they were drafted based on past experience to ensure practical mechanisms for access to the released funds. Farzin cautioned that a final assessment will only be possible after implementation and verification begins. The remarks come amid an ongoing debate between Washington and Tehran over the timing and conditions of asset release, with U.S. officials insisting no funds will be freed until Iran meets its commitments.
Iranian Central Bank Governor Mohammad Reza Farzin on Wednesday provided the most detailed official framing yet of the asset-release mechanism within the emerging U.S.-Iran memorandum of understanding, according to Iranian media reports.
Farzin stated that the clauses governing the release of Iranian frozen assets were drafted based on "experience accumulated from previous agreements" to create "clear and executable" obligations for Washington. He said technical and banking procedures would follow the agreement's entry into force to ensure Iran can actually use the unfrozen resources. The funds, once released, will be considered central bank assets, with decisions on their use made according to national needs and the economic situation, he added.
However, the governor cautioned that a final assessment of the mechanism's effectiveness will only be possible after implementation and on-the-ground verification of the fund release begins.
The remarks come as the U.S. and Iran remain at odds over the sequence of fund releases. As The Zioneer has reported over the past week, the emerging framework — initially reported to include approximately $24-25 billion in frozen assets — has been the subject of conflicting public signals. U.S. officials, including Vice President Vance, have denied any immediate release, insisting on a performance-based model requiring Iranian compliance first. Iran has publicly hardened its stance, with its central bank now offering its own operational interpretation of the clauses.
A separate Iranian report accompanying Farzin's statement added that the full text of the MOU will not be published even after signing. The terms of the agreement, including the exact amounts and conditions of asset release, remain unverified by independent sources.
- DevelopingUS official: No frozen funds released until Iran fulfills commitments
- DevelopingIsraeli official urges US not to release frozen Iranian assets as part of MOU
- DevelopingIranian source: US made unacceptable changes to draft MOU, deal impossible without unfrozen funds and sanctions relief
- StrongIran deputy FM: 60-day talks with US only after frozen assets released
Source and signal
- Internal intake