Tags: Barack Obama | Iran | obama | administration | billion | cash | gold

Obama Administration May Have Sent Iran $33B in Cash, Gold Payments

Image: Obama Administration May Have Sent Iran $33B in Cash, Gold Payments

President Barack Obama (Saul Loeb/AFP/Getty Images)

Thursday, 08 Sep 2016 04:55 PM

Iran may have been sent an additional $33.6 billion in cash and gold payments by the Obama administration from 2014 and 2016, according to testimony provided before Congress from an expert on the nuclear agreement with Iran, The Washington Free Beacon reports.
 
It allegedly occurred as the Obama administration was working out final details, with Iran being paid $700 million every month, for a total of $11.9 billion, from funds previously been frozen by U.S. sanctions on the Middle East nation.

In total, "Iran may have received as much as $33.6 billion in cash or in gold and other precious metals," Mark Dubowitz, executive director at the Foundation for Defense of Democracies, disclosed, according to the Free Beacon.

"It is important to understand how funds were sent. The worst-case scenario here is that Iran may have received as much as $33.6 billion in cash or in gold and other precious metals."

On Tuesday, the Obama administration admitted that current sanctions and banking restrictions made it impossible to transfer funds to Iran through electronic methods.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
Iran may have been sent an additional $33.6 billion in cash and gold payments by the Obama administration from 2014 and 2016, according to testimony provided before Congress from an expert on the nuclear agreement with Iran, The Washington Free Beacon reports.
obama, administration, billion, cash, gold, payments
174
2016-55-08
Thursday, 08 Sep 2016 04:55 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved