Frozen Iranian funds transferred to Swiss bank: S.Korean media

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Iran’s assets, blocked in South Korea due to US sanctions, have been reportedly transferred to Switzerland's central bank for exchange and transfer to Iran. 
South Korea’s official news agency Yonhap says the Swiss bank will convert the six-billion-dollar fund into Euros in the next five weeks and the sums will be transferred to Iran. South Korea’s finance ministry has refrained from commenting on the issue. Last week, Iranian President Ebrahim Raeisi also said the released assets will be used to enhance the country’s domestic production. 

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