The recent Iran deal provides relief from international economic sanctions in exchange for certain limitations on Iran’s nuclear program. Upon implementation of the deal, a substantial amount of money would flow to the Iranian government, although the total amount is the subject of much debate.
According to initial reports from U.S. officials, Iran would have access to $100 billion of frozen assets. The Under Secretary of Treasury for Terrorism and Financial Intelligence cited this same figure in congressional testimony earlier this year. Secretary of State John Kerry later walked this number back to around $50 billion, reasoning that half of Iran’s frozen assets were already obligated to various projects. While Iran may have already decided how to allocate some of the windfall, it does not reduce the amount they will receive from sanctions reli