Government Completes UN Contribution Payment Using 22.2 Billion KRW of Iranian Won Funds
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[Asia Economy Reporter Lee Ji-eun] The South Korean government announced on the 23rd that it has completed the payment of Iran's UN contribution (approximately 22.2 billion KRW) on the 21st, utilizing Iran's won-denominated funds held domestically, in active cooperation with relevant agencies such as the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the United Nations (UN) Secretariat.
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Previously, the Iranian government had urgently requested the South Korean government to pay the UN contribution using Iran's frozen funds in South Korea, fearing the loss of voting rights at the General Assembly due to non-payment of the UN contribution.
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