Thursday 18 January 2018

Iran’s central bank claims billions from German stock exchange | Arab News

Iran’s central bank claims billions from German stock exchange | Arab News:

"German stock market operator Deutsche Boerse said Thursday that Iran’s central bank had levelled claims for billions of dollars against its Luxembourg subsidiary Clearstream, which blocked the funds after the US accused Tehran of funding terrorism.
The central bank (Bank Markazi) demands some $4.9 billion (4.0 billion euros) of assets it says are held in Clearstream accounts belonging to it and to Italian bank UBAE, plus interest, Deutsche Boerse said in a statement.
If the assets themselves cannot be recovered, the Iranian institution wants damages in the same amount."



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