Iran can use $100 billion of frozen assets

Iran can access more than $100 billion in frozen assets abroad after the lifting of the sanctions, a government spokesman Mohammad-Baqer Nobakht said.

A large portion of those funds was in banks in China, India, Japan, South Korea and Turkey, Gazeta.ru reports.

After the lifting of sanctions, Iran hopes to draw as much as $50 billion of foreign investment per year to support the economy after the decline in oil prices.