Iran took possession of a 13-ton hoard of gold — worth nearly $500 million — held up by sanctions after working out a deal on the sidelines of nuclear talks in Vienna, the country's central bank chief told Iranian media.
"A sum of 13 tons of gold that had been purchased before and was
deposited in
Seif said the transfer is evidence the talks are having some success. Fars News reported the retrieval of the gold was the result of months of hard work. That much gold is worth about $485 million based on current price per ounce.
The State Department said the timing was unrelated to the current talks but rather stems from an interim agreement reached in November 2013. That deal suspended sanctions on trade with Iran in gold and precious metals starting January 2014.
Iran is negotiating with the five original nuclear members of the
China's foreign minister Wang Yi told reporters he believes there's a "high probability" of reaching "a fair, balanced and just agreement," the AFP reported.
British Foreign Secretary
In Tehran, Iranian President
Among the still outstanding issues is to what extent Iran will
cooperate with an IAEA investigation into evidence of past weapons
research, and what access Iran will provide to international weapons
inspectors charged with verifying the country complies with the
terms of any deal. World powers want Iran to provide access to any
suspect site, including military sites, while Iran's supreme leader,
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