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North west MN | Yes, the $1.7 billion paid to Iran by the Obama administration was originally Iranian money. It was part of a settlement of a decades-old financial dispute between the two countries dating back to the late 1970s.Here are the specific details of the funds:The Principal ($400 million): In the 1970s, before the Iranian Revolution, the U.S. and Iran had a Foreign Military Sales (FMS) program. Iran deposited funds into a U.S. trust fund to buy military equipment. After diplomatic relations were cut off, the equipment was never delivered. The $400 million was the original principal balance that was held in escrow.The Interest ($1.3 billion): The remaining $1.3 billion was agreed upon by the Iran-U.S. Claims Tribunal to cover the interest on that principal sum. | |
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300 BILLION DOLLARS
