on the iran deal

[Danzig]

The U.S. State Department announced the government had agreed to pay Iran $1.7 billion to settle a case related to the sale of military equipment prior to the Iranian revolution, according to a statement issued on Sunday.

Iran had set up a $400 million trust fund for such purchases, which was frozen along with diplomatic relations in 1979. In settling the claim, which had been tied up at the Hague Tribunal since 1981, the U.S. is returning the money in the fund along with "a roughly $1.3 billion compromise on the interest," the statement said.

from cnn, back in January.

http://www.cnn.com/2016/01/17/politi...n-1-7-billion/

but yeah, there was nothing on cnn about it.

oh, and here's the link to cnn right now, with a story second on the list about this.

http://www.cnn.com/


President Barack Obama approved the $400 million transfer, which was the first payment of a $1.7 billion settlement resolving claims at an international tribunal at The Hague over a failed arms deal under the time of the Shah. The Iranians were seeking more than $10 billion at arbitration.



Because existing US sanctions ban American dollars from being used in a transaction with Iran, officials said the money was procured from central banks in Switzerland and the Netherlands, and an unmarked cargo plane loaded with wooden pallets of Swiss francs, euros and other currencies were flown to Iran.

The payment required hard currency, they said, because Iran could not access the global financial system due to international sanctions it was under at the time. The details of the transaction were first reported by The Wall Street Journal.

"They were totally cut off from global banks and there was no other way to get them the money," one senior official with knowledge of the transaction said.

[Rudeboyelvis]

Originally Posted by Danzig

The U.S. State Department announced the government had agreed to pay Iran $1.7 billion to settle a case related to the sale of military equipment prior to the Iranian revolution, according to a statement issued on Sunday.

Iran had set up a $400 million trust fund for such purchases, which was frozen along with diplomatic relations in 1979. In settling the claim, which had been tied up at the Hague Tribunal since 1981, the U.S. is returning the money in the fund along with "a roughly $1.3 billion compromise on the interest," the statement said.

from cnn, back in January.

http://www.cnn.com/2016/01/17/politi...n-1-7-billion/

but yeah, there was nothing on cnn about it.

oh, and here's the link to cnn right now, with a story second on the list about this.

http://www.cnn.com/


President Barack Obama approved the $400 million transfer, which was the first payment of a $1.7 billion settlement resolving claims at an international tribunal at The Hague over a failed arms deal under the time of the Shah. The Iranians were seeking more than $10 billion at arbitration.



Because existing US sanctions ban American dollars from being used in a transaction with Iran, officials said the money was procured from central banks in Switzerland and the Netherlands, and an unmarked cargo plane loaded with wooden pallets of Swiss francs, euros and other currencies were flown to Iran.

The payment required hard currency, they said, because Iran could not access the global financial system due to international sanctions it was under at the time. The details of the transaction were first reported by The Wall Street Journal.

"They were totally cut off from global banks and there was no other way to get them the money," one senior official with knowledge of the transaction said.

Maybe the sanctions were in place because they are the largest sponsor/exporter of Islamic terrorism, intend on overtaking Iraq and Saudi Arabia and "blowing Israel off the map" (their words) with the nukes that they agreed not to pursue (though already are ) and fully back the Assad regime in Syria...But I guess "a deal's a deal"

I don't know what the hell is crazier - this whole nightmare, or actually trying to explain to you how this *answer* you keep parroting is borderline straitjacket material and completely unacceptable.

[OldDog]

US Payment of $1.7 Billion to Iran Made Entirely in Cash

http://abcnews.go.com/Politics/wireS...-cash-41907666

The $1.7 billion was the settlement of a decades-old arbitration claim between the U.S. and Iran. An initial $400 million of euros, Swiss francs and other foreign currency was delivered on pallets Jan. 17, the same day Tehran agreed to release four American prisoners.

The Obama administration had claimed the events were separate, but recently acknowledged the cash was used as leverage until the Americans were allowed to leave Iran. The remaining $1.3 billion represented estimated interest on the Iranian cash the U.S. had held since the 1970s. The administration had previously declined to say if the interest was delivered to Iran in physical cash, as with the principal, or via a more regular banking mechanism.

Treasury Department spokeswoman Dawn Selak said in a statement the cash payments were necessary because of the "effectiveness of U.S. and international sanctions," which isolated Iran from the international finance system.

Pesky sanctions. Terrorists funded by Iran must be very happy.