Sep 05, 2018 12:23 UTC
  • Iran drops request to transfer money from Germany

German media outlets say Iran has retracted its request to have 300 million euros in cash at a Hamburg-based bank repatriated.

Iran has informed German financial regulator BaFin that it was leaving the cash to remain with the European-Iranian Trade Bank, Germany’s dpa news agency as well as its two broadcasters and a newspaper reported.

In July, the Bild newspaper said the German government was studying a request by Iran to withdraw 300 million euros from bank accounts held in Germany and transfer the cash to the Islamic Republic.

Iran, the report said, had told BaFin that it needed the cash from the accounts "to pass on to Iranian citizens who require cash while travelling abroad, given their inability to access recognized credit cards."

Following the report, the US ambassador to Germany urged Berlin to deny Iran’s request which came in the lead-up to imposition of Washington’s new sanctions against the Islamic Republic.

Foreign Ministry spokesman Bahram Qassemi dismissed claims that Iran's assets in Germany had been frozen, saying economic relations between the two countries were "normal".

"Unfortunately, during the last few days and weeks coincident with the Iran and P4+1 negotiations, a campaign of news fabrication and a psychological warfare has been underway by certain trans-regional countries and spiteful groups in order to disrupt Iran's relations with Europeans, which needs to be confronted through vigilance," he said.