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Iran receives 13 tonnes of US sanctions-hit gold

02:57 PM | 2 Jul, 2015
Iran receives 13 tonnes of US sanctions-hit gold
TEHRAN (Web Desk) - Iran has said it has recovered part of its gold reserves frozen under international sanctions after an accord sealed on the sidelines of nuclear negotiations with world powers, Central bank chief Valiollah Seif said on Wednesday.

Central bank chief Valiollah Seif, quoted by state news agency IRNA, said the accord covers the repatriation of a total of 13 tonnes of gold blocked in South Africa for the past two years, reported.

Three consignments had been returned to the central bank since the start of the week, the governor said, adding that the last was the delivery of four tonnes on Tuesday night.

He said the gold was purchased earlier and kept in South Africa but could not be transferred to Iran because of sanctions.

The operation was the result of a compromise struck on the sidelines of Iran's negotiations in Vienna on its disputed nuclear programme. The two sides have set a new target date of July 7 for a final accord.

About $100 billion of Iranian assets have been frozen across the world under sanctions over its nuclear programme and also for its alleged support of anti-Israeli groups classified as terrorist organizations.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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