Oil revenues to be taken out of foreign banks and transferred back to Iran

Iran Press News: Translation by Banafsheh Zand-Bonazzzi.

FARDA, Ahmadinejad's own site reports that the Islamic regime will be taking its oil revenues, previously deposited into foreign banks, back to Iran.

This report confirms that in the months prior to the end of Khatami's reign, oil revenues were being hoarded in foreign accounts; as a result, experts say, that Iran has incurred huge losses. It is believed that the reason for the transfer of said monies to Iran is fear of possible freezing of Iran's assets in foreign banks.