Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners
Al-Nunu from Sharm el-Sheikh: Mediators are making great efforts to remove any obstacles in the way of implementing the ceasefire, and a sense of optimism now prevails among all parties

$6bln sent to Qatar for US-Iran prisoner swap

  • By Al Mayadeen English
  • Source: Agencies
  • 18 Sep 2023 17:28
3 Min Read

The release of frozen funds by South Korea by the US is a vital condition for the exchange of five Americans arrested in Iran and, according to Tehran, five Iranians held in the US.

  • x
  • $6 bn sent to Qatar for US-Iran prisoner swap
    The transfer of funds has been delayed due to a daily limit on exchange possible for Iranian funds that were in South Korean won. (Central bank of Iran)

AFP has reported that frozen Iranian assets totaling $6 billion have been transferred to Qatari banks as part of a US-Iran prisoner swap arrangement, with an aircraft on standby in Tehran to transport five American captives.

The release of the funds by South Korea is a vital condition for the prisoner swap between Washington and Tehran, as five Iranians are being held in the US.

During a phone call with Iranian Foreign Minister Hossein Amir-Abdollahian on September 14, Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani said that the transfer of Iran's unfrozen funds in South Korea to bank accounts in Qatar, as part of a prisoner exchange deal with the US, is expected to be completed this week.

According to an informed source, Qatar, acting as a mediator between Washington and Tehran, who do not have diplomatic relations, notified both countries regarding the transfer. Qatar played a key role in mediating talks between Iran and the United States that led to a prisoner exchange deal on August 10.

Related News

Iran to respond as US moves to target commercial shipping: Source

US sanctions 115+ Iranian entities aiming to cut oil revenues

The transfer of the funds was delayed by more than a month due to a daily limit on the amount of exchange possible for Iranian funds that were in South Korean won.

All frozen funds transferred to bank accounts in Qatar

The anonymous source explained that "Iranian and US officials have been notified by Qatar that all $6 billion has been transferred from Switzerland to bank accounts in Qatar," adding that "A Qatari jet is on standby in Iran to bring the five US citizens and two relatives to Doha."

Iran's foreign ministry spokesperson Nasser Kanaani expressed during a press conference that Iran hoped to gain access to its assets on Monday, detailing that "the prisoner exchange will take place on the same day and five Iranian citizens imprisoned in America will be released."

According to Iran's Central Bank governor, Iran will seek restitution from South Korea for withholding the payments. On Monday, he added, the equivalent of 5.57 billion euros ($5.95 billion) was put in six Iranian accounts with two Qatari banks.

Mohammadreza Farzin declared on state TV, "We're making a complaint on behalf of Iran against South Korea for not giving access to these funds and the reduction in value of these funds in order to receive damages."

In a September 13 interview with NBC News' Lester Holt in Tehran, Iranian President Ebrahim Raisi expressed that his government will make determinations regarding the utilization of the $6 billion based on specific needs and requirements. 

  • US sanctions on Iran
  • United States
  • Sanctions on Iran
  • Iran
  • frozen assets
  • South Korea
  • Qatar

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS