Secret Obama-era permit let Iran convert funds to dollars
Source: AP
WASHINGTON (AP) After striking an elusive nuclear deal with Iran, the Obama administration found itself in a quandary in early 2016: Iran had been promised access to its long-frozen overseas reserves, including $5.7 billion stuck in an Omani bank.
To spend it, Iran wanted to convert the money into U.S. dollars and then euros, but top U.S. officials had repeatedly promised Congress that Iran would never gain access to Americas financial system.
Those assurances notwithstanding, the Obama administration secretly issued a license to let Iran sidestep U.S. sanctions for the brief moment required to convert the funds through an American bank, an investigation by Senate Republicans released Wednesday showed. The plan failed when two U.S. banks refused to participate.
Yet two years later, the revelation is re-igniting the bitter debate over the nuclear deal and whether former President Barack Obama was too eager to grant concessions to Tehran.
Read more: https://apnews.com/27e8179cf10140dca7eb86b3488f01e2
BeyondGeography
(39,375 posts)I suppose he could have approached Congress and asked for a waiver in return for the increase in national and global security that JCPOA represented, but that would have been handing a victory to Obama so...fuck em. He did the right thing.
Response to alp227 (Original post)
BeyondGeography This message was self-deleted by its author.
yallerdawg
(16,104 posts)What happened is in the article.
The difference in interpretation is the difference in the outlook of a peacemaker and a warmonger.
brush
(53,792 posts)from them for years.
What were we supposed to do, endanger the nuke accord by continuing to deny them their money?
Such repug bullshit. Obama is no longer president.
DURHAM D
(32,610 posts)We knew it in real time.
Sophia4
(3,515 posts)Will some of these same complex issues arise?
Nuclear disarmament means nothing to trump, why would he make concessions over it?
Now, if NK were to offer Trump some land and financing to build a few Trump towers in Pyongyang, witha promise that that any local contractors who complain about not being paid will be quietly dissapeared, on the otherhand, Im sure all sanctions could be ended posthaste.
denbot
(9,900 posts)Please dont post your Russian troll shit here.
Associated Press Official Site is here:
https://www.ap.org/en-us/