Iran to fight US swimsuit to buy $1.7 billion held by Deutsche Boerse unit

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Iran to fight US swimsuit to buy $1.7 billion held by Deutsche Boerse unit

The deputy governor of the Iranian central monetary institution did no longer give particulars of the monetary institution’s upright measures to cease a seizure of the resources, which he said had been rate $1.7 billion

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Iran | US-Iran tensions | Deutsche Boerse


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Deutsche Boerse said the clearing residence considers the claims to be fraudulent and would perchance perhaps light receive steps to defeat them.

Iran’s central monetary institution said on Saturday it changed into once taking upright steps to counter a lawsuit filed in a US court docket by creditors looking out out to buy $1.7 billion (£1.27 billion) of its resources held by Deutsche Boerse’s Clearstream unit.

The German stock alternate operator said earlier the creditors had filed the swimsuit in a New York court docket looking out out to require Clearstream to give up resources that allegedly belong to Iran’s central monetary institution. It said the clearing residence considers the claims to be fraudulent and would perchance perhaps light receive steps to defeat them.

The deputy governor of the Iranian central monetary institution did no longer give particulars of the monetary institution’s upright measures to cease a seizure of the resources, which he said had been rate $1.7 billion.

First Printed: Mon, August 31 2020. 00: 08 IST

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