Obama Didn't Give Iran '150 Billion in Cash'
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FactCheck.org
https://www.factcheck.org › 2019/03 › obama-didnt-gi...
That fact check is distorting the news because it doesn’t include the cash that Obama gave, only the liquid assets freed up by Obama on the leading state sponsor of terror
Mar 1, 2019 — As a candidate during the 2016 campaign, President Donald Trump criticized the international agreement to curb
Iran's nuclear weapons' program.
The nuclear agreement included China, France, Germany, Russia, the United Kingdom, the United States and the European Union, so Obama didn’t carry out any part of it on his own. The deal did lift some sanctions, which lifted a freeze on Iran’s assets that were held largely in
foreign, not U.S., banks. And, to be clear, the money that was unfrozen belonged to Iran. It had only been made inaccessible by
sanctions aimed at crippling the country’s nuclear program.
Secondly, $150 billion is a high-end estimate of the total that was freed up after some sanctions were lifted. U.S. Treasury Department estimates put the number at about $50 billion in “usable liquid assets,” according to 2015
testimony from Adam Szubin, acting under secretary of treasury for terrorism and financial intelligence.