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More money paid to Iran after cash delivery


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U.S. paid $1.3 billion to Iran two days after cash delivery

 

© Provided by CBS Interactive Inc.

The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran.

 

State Department spokeswoman Elizabeth Trudeau says the U.S. couldnt say more about the Jan. 19 payments because of diplomatic sensitivities. They involved 13 separate payments of $99,999,999.99 and final payment of about $10 million. There was no explanation for the Treasury Department keeping the individual transactions under $100 million.

 

The money settles a dispute over a $400 million payment made in the 1970s by the U.S.-backed shahs government for military equipment. The equipment was never delivered because of the 1979 Islamic Revolution that overthrew the shah and ended diplomatic relations between the U.S. and Iran.

 

On Jan. 17, the administration paid Iran the accounts $400 million principal in pallets of euros, Swiss francs and other foreign currency, raising questions about the unusual payment. The $1.3 billion covers what Iran and the U.S. agreed would be the interest on the $400 million over the decades.

 

The deal has faced increased scrutiny since the administrations acknowledgment this month that it used the money as leverage to ensure the release of four American prisoners.

 

Republican critics accuse the administration of paying a ransom​.

 

President Barack Obama and other officials deny such claims, though theyve struggled to explain why the U.S. paid in cash. President Obama said it was because the United States and Iran didnt have a banking relationship after years of nuclear-related sanctions, but that wouldnt rule out using intermediary banks that maintain relationship with both.

 

Briefing reporters last week, a senior U.S. official involved in the negotiations said the interest payments were made to Iran in a fairly above-board way, using a foreign central bank. But the official, who wasnt authorized to be quoted by name and demanded anonymity, wouldnt say if the interest was delivered to Iran in physical cash, as with the $400 million principal, or via a more regular banking mechanism.

 

The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event its needed, allowing the president to bypass direct congressional approval to make a settlement. The U.S. previously paid out $278 million in Iran-related claims by using the fund in 1991.

 

 

 

 

 

My question why now?

Did all the previous presidents since 1980 fail to resolve this?

Did we have to pay it?

What if we didn't pay? It's been 36 years .

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U.S. paid $1.3 billion to Iran two days after cash delivery

 

© Provided by CBS Interactive Inc.

The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran.

 

State Department spokeswoman Elizabeth Trudeau says the U.S. couldnt say more about the Jan. 19 payments because of diplomatic sensitivities. They involved 13 separate payments of $99,999,999.99 and final payment of about $10 million. There was no explanation for the Treasury Department keeping the individual transactions under $100 million.

 

The money settles a dispute over a $400 million payment made in the 1970s by the U.S.-backed shahs government for military equipment. The equipment was never delivered because of the 1979 Islamic Revolution that overthrew the shah and ended diplomatic relations between the U.S. and Iran.

 

On Jan. 17, the administration paid Iran the accounts $400 million principal in pallets of euros, Swiss francs and other foreign currency, raising questions about the unusual payment. The $1.3 billion covers what Iran and the U.S. agreed would be the interest on the $400 million over the decades.

 

The deal has faced increased scrutiny since the administrations acknowledgment this month that it used the money as leverage to ensure the release of four American prisoners.

 

Republican critics accuse the administration of paying a ransom​.

 

President Barack Obama and other officials deny such claims, though theyve struggled to explain why the U.S. paid in cash. President Obama said it was because the United States and Iran didnt have a banking relationship after years of nuclear-related sanctions, but that wouldnt rule out using intermediary banks that maintain relationship with both.

 

Briefing reporters last week, a senior U.S. official involved in the negotiations said the interest payments were made to Iran in a fairly above-board way, using a foreign central bank. But the official, who wasnt authorized to be quoted by name and demanded anonymity, wouldnt say if the interest was delivered to Iran in physical cash, as with the $400 million principal, or via a more regular banking mechanism.

 

The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event its needed, allowing the president to bypass direct congressional approval to make a settlement. The U.S. previously paid out $278 million in Iran-related claims by using the fund in 1991.

 

 

 

 

 

My question why now?

Did all the previous presidents since 1980 fail to resolve this?

Did we have to pay it?

What if we didn't pay? It's been 36 years .

And then when civil war erupts in our country, our politicians will be scratching their heads in wonder.

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Iran is turning into a Moderate Country, many of the Die-Hards are dead & gone..1/2 the population is under 30, but the cons want a never-ending continuous war with them

 

 

didn't raygun and daddy bush arm the shit out of Iran & Iraq 30 years ago?

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Iran is turning into a Moderate Country, many of the Die-Hards are dead & gone..1/2 the population is under 30, but the cons want a never-ending continuous war with them

 

 

didn't raygun and daddy bush arm the shit out of Iran & Iraq 30 years ago?

I suppose if you dismiss the hanging of & throwing gays off buildings, the FGM, the execution of rape victims & no women's rights what so ever, the honor killings, the child brides, the sex slaves, the documented funding of international terrorist groups, you may be able to consider Iran moderate.

Regardless of how ( snicker ) moderated Iran may become, the Iranians will still butt bang people like Kerry & Barry.

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