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Iran's Assets Uncovered: Iran cash windfall from Iran nuclear deal estimated at $150 billion
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A total of $150 billion is estimated to be the amount Iran will receive from the Iran deal. This amount will provide the country more than the $124.3 billion the U.S. has given to Israel in total financial aid since 1948.
Highlights
Catholic Online (https://www.catholic.org)
7/29/2015 (9 years ago)
Published in Middle East
Keywords: financial stability, Iran assets, cash aids, international debt, frozen assets
MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Many people already dispute what the exact amount of money Iran will be getting after its foreign assets are unfrozen. The Obama administration estimated the amount to be around $50 billion, while the Israeli ambassador claims the amount to be around $150 billion. However, according to the Obama administration, much of the amount has already been obligated, including projects conducted with China.
Foreign Policy estimated the amount to be around $120 billion. This amount is based on $20 billion per year in oil revenues arriving to a total of $420 billion for 15 years.
Following the estimate provided by the Foreign Policy, the amount will still surpass the total amount the U.S. had sent to Israel since the country's existence. Even with the Obama administration's low estimate, the cash received by Iran from the U.S. would surpass the cash fund sent by the U.S. in the past 15 years with a minimum of $3 billion per year.
The Iran deal will allow the country to access their own money, as stated by the Secretary of State John Kerry. However, much of the financial aid received by Israel from the U.S. is computed to be at least 75 percent of the military aid. Meaning, a large portion of the aid given to Israel will come back as money of the U.S.
Even with the approval of the deal's monetary amount not considered, Iran is still not obligated to spend the money in the United States. Some of the amount is expected to be spent on some terrorist proxies in areas around the Middle East, even with the White House conceding.
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