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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (1191963)	1/8/2020 10:01:35 PM
From: Sdgla	1 Recommendation Read Replies (1) of 1574863

There’s lies & then there’s shep the ignorant lying. By ASSOCIATED PRESS $1.7-billion payment to Iran was all in cash due to effectiveness of sanctions, White House says President Obama speaks in January about the release of Americans by Iran. (Jacquelyn Martin / Associated Press) SEP. 7, 2016 6:30 AM Reporting from Washington — The Obama administration is acknowledging its transfer of $1.7 billion to Iran earlier this year was made entirely in cash, using non-U.S. currency, as Republican critics of the transaction continued to denounce the payments. Treasury Department spokeswoman Dawn Selak said in a statement late Tuesday that the cash payments were necessary because of the “effectiveness of U.S. and international sanctions,” which isolated Iran from the international finance system. The $1.7 billion was the settlement of a decades-old arbitration claim between the U.S. and Iran. An initial $400 million of euros, Swiss francs and other foreign currency was delivered on pallets Jan. 17, the same day Tehran agreed to release four American prisoners. Fact-check: Handel claims Obama flew $2 billion to Iran ... https://www.politifact.com/georgia/statements/2017/jun/06/karen-handel/Handel-pushes-details-Iran-deal-terror-support/ Fact-check: Handel claims Obama flew $2 billion to Iran, admitted it is being used to fund terrorism. How much money was there is a matter of debate. The U.S. Treasury Department estimated the value of Iran's foreign currency reserves at $100 billion. An article in Foreign Policy magazine cited $120 billion.

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