U.S. transferred $1.7B in foreign cash to Iran

U.S. transferred $1.7B in foreign cash to Iran

DENVER—The Obama administration is now acknowledging its controversial transfer of $1.7 billion to Iran earlier this year was made entirely in cash, using non-US currency. Treasury Department spokeswoman Dawn Selak said in a statement late Tuesday that the cash payments were “necessary” because of the “effectiveness of US and international sanctions,” which isolated Iran from the international finance system. An initial $400 million cash transfer was sent to Tehran Jan. 17, the same day Iran agreed to release four American prisoners. Congressional officials told the Wall Street Journal that the remaining $1.3 billion was paid in two more installments delivered on Jan. 22 and Feb. 5.

Advancing Colorado Executive Director Jonathan Lockwood released the following statement:

“Sen. Michael Bennet is dead wrong when he says the Iran deal is going well and Coloradans deserve answers from him on whether he understood what the deal entailed before voting for it. The Iran deal threatens global security and harms our national security interests. Is Sen. Michael Bennet happy we gave $1.7 billion in cash to the largest state sponsor of terrorism?”

The Obama administration previously claimed the $400 million cash transfer to Iran and the release of four American prisoners were unrelated, but recently admitted the cash was used as leverage until the Americans were allowed to leave Iran. According to ABC News, the remaining $1.3 billion represented estimated interest on the Iranian cash the U.S. had held since the 1970s. Notably, the administration previously declined to answer whether the interest was delivered to Iran in physical cash, as with the principal, or via regular banking practices.

Iran’s latest acts of naval aggression, hostage-scouting, and terrorism HR, and Bennet’s cluelessness on these issues, can be read more in detail here.

Last week, it was revealed the United States and its negotiating partners agreed “in secret” to permit Iran to avoid restrictions under the so-called “Iran deal,” in order to meet the deadline for Iran to get their hands on boat loads of cash relief from sanctions, according to a think tank report.

The report, released by the Washington-based Institute for Science and International Security, is based on information provided by several officials of governments involved in the negotiations, according to the exclusive with Reuters.

According to Reuters, “Among the exemptions were two that allowed Iran to exceed the deal’s limits on how much low-enriched uranium (LEU) it can keep in its nuclear facilities, the report said. LEU can be purified into highly enriched, weapons-grade uranium.

The exemptions, the report said, were approved by the joint commission the deal created to oversee implementation of the accord. The commission is comprised of the United States and its negotiating partners — called the P5+1 — and Iran.”

“The exemptions or loopholes are happening in secret, and it appears that they favor Iran,” said institute President David Albright.

The full report available as a PDF is here.

The Denver Post recently featured an opinion piece from a Colorado voter titled, “No, Sen. Bennet, Iran nuclear deal is not ‘going well.'” Bennet was also hit with criticism following an “interview” he did with the Denver Post in which he state the Iran deal is going well and that he didn’t have a clue about the ransom payment literally everyone has been talking about for weeks now. The Washington Times covered the criticism here.