Iran: U.S. Surrendered More Than $10 Billion in Gold, Cash, Assets

Obama admin lowballs cost of dealing with Iran

Iranian President Hassan Rouhani

Hassan Rouhani / AP

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The Obama administration has paid Iran more than $10 billion in gold, cash, and other assets since 2013, according to Iranian officials, who disclosed that the White House has been intentionally deflating the total amount paid to the Islamic Republic.

Senior Iranian officials late last week confirmed reports that the total amount of money paid to Iran over the past four years is in excess of $10 billion, a figure that runs counter to official estimates provided by the White House.

The latest disclosure by Iran, which comports with previous claims about the Obama administration obfuscating details about its cash transfers to Iran—including a $1.7 billion cash payment included in a ransom to free Americans—sheds further light on the White House’s back room dealings to bolster Iran’s economy and preserve the Iran nuclear agreement.

Iranian Foreign Ministry spokesman Bahram Ghasemi confirmed last week a recent report in the Wall Street Journal detailing some $10 billion in cash and assets provided to Iran since 2013, when the administration was engaging in sensitive diplomacy with Tehran aimed at securing the nuclear deal.

Ghasemi disclosed that the $10 billion figure just scratches the surface of the total amount given to Iran by the United States over the past several years.

“I will not speak about the precise amount,” Ghasemi was quoted as saying in Persian language reports independently translated for the Washington Free Beacon.

The $10 billion figure is actually a “stingy” estimate, Ghasemi claimed, adding that a combination of cash, gold, and other assets was sent by Washington to Iran’s Central Bank and subsequently “spent.”

“This report is true but the value was higher,” Ghassemi was quoted as saying.

“After the Geneva conference and the resulting agreement, it was decided that $700 million dollars were to be dispensed per month” by the U.S., according to Ghassemi. “In addition to the cash funds which we received, we [also] received our deliveries in gold, bullion, and other things.”

Regional experts who spoke to the Free Beacon about these disclosures said that the $10 billion figure offered by the Obama administration should be viewed “as a conservative estimate for what Iran was paid to stay at the table and negotiate.”

“Iran does have incentives to overstate this figure,” Behnam Ben Taleblu, a research analyst at the Foundation for Defense of Democracies, told the Free Beacon. “But given the recent state-sponsored narrative in Iran about a Western and particularly American failing to offer sanctions relief, this reads much more as fact rather than another instance of disinformation from Tehran.”

It is likely Iran spent a portion of this money to fund its regional terror operations and military enterprise to bolster embattled Syrian President Bashar al Assad, Ben Taleblu said.

“Given the nature of some of this sanctions relief (through the provision of gold and unfrozen assets), this money likely underwrote some of the Islamic Republic’s more destabilizing regional activities,” he explained. “At the macro level, all of this continues to prove one larger point: The way the Iran deal was handled and the provision of sanctions relief during and after the talks that led to the nuclear accord continues to create problems for those interested in defending the integrity of the international financial system.”

One veteran foreign policy insider familiar with the administration’s outreach to Iran told the Free Beacon that the White House has a history of deflating these figures in order to obfuscate details about its contested diplomacy with the Islamic Republic.

“This is how it always happens when the Obama administration secretly sends money to Iran,” said the source, who would only speak on background when discussing the outgoing administration’s strategy. “They deny it until they’re caught, then they lowball it until they’re caught again, then they say it’s old news. In every single case where Iranian officials confirms these transfers while Obama officials denied them, it later turned out the Iranian officials were the ones telling the truth.”

Adam Kredo   Email Adam | Full Bio | RSS
Adam Kredo is senior writer for the Washington Free Beacon. Formerly an award-winning political reporter for the Washington Jewish Week, where he frequently broke national news, Kredo’s work has been featured in outlets such as the Jerusalem Post, the Jewish Telegraphic Agency, and Politico, among others. He lives in Maryland with his comic books. His Twitter handle is @Kredo0. His email address is kredo@freebeacon.com.

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