BERLIN | Reports: Iran drops bid to transfer millions out of Germany



BERLIN  — German media outlets are reporting that Iran has rescinded its request to transfer 300 million euros ($347 million) in cash from a Hamburg-based bank in a case that been closely followed by the U.S.

The dpa news agency, along with the Sueddeutsche Zeitung newspaper and NDR and WDR broadcasters, reported Tuesday that Iran has informed German financial regulator Bafin it was dropping the request to repatriate the cash from the European-Iranian Trade Bank.

Continue reading BERLIN | Reports: Iran drops bid to transfer millions out of Germany at STL.News.



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