President Joe Biden reportedly waived sanctions following the Democrats’ election losses last month that gave the Islamic Republic of Iran — the world’s leading state sponsor of terrorism — access to billions of dollars of frozen assets.
The Free Beacon obtained a copy of the non-public order transmitted to Congress from the State Department that claimed it was “in the national security interest of the United States” to allow Iran to access the $10 billion that had been frozen.
The report said:
The Biden State Department tweaked the waiver last year to allow Tehran to convert the funds from Iraqi dinars to euros, then hold those euros in bank accounts based in Oman. Access to a widely traded currency like the euro enables Iran to more easily spend the cash in international markets. Under the first Trump administration, Iran had to keep the cash in an escrow account in Baghdad, making it more difficult to access.
The Biden administration claims that the money is not going to be used for terrorism because the funds can only be used for humanitarian purposes.
However, money is fungible, meaning it can be easily moved around, hidden, and used for different purposes.
CHECK OUT THE DAILY WIRE HOLIDAY GIFT GUIDE
Many have raised concerns about the administration waiving sanctions against the regime after it has funded the majority of terrorism in the Middle East for years, which came to a head last year when Hamas launched an unprecedented terrorist attack against Israel on October 7.
Iranian President Ebrahim Raisi, who died in May, said in an interview last year that Iran would spend the money however it wanted to.
“What is your expectation of its [the money’s] use?” asked NBC News host Lester Holt. “We’re told that it’s for humanitarian purposes — food and medicine. Do you believe you have the right to use that money in any way that you see fit?”
“This money belongs to the Islamic Republic of Iran, and naturally, we will decide, the Islamic Republic of Iran will decide to spend it wherever we need it,” Raisi answered. “How to spend our money of course, it is under the authority of the Islamic Republic of Iran.”
Holt responded by asked, “So if I hear you clearly that it will be used for more than humanitarian purposes in your view?”
“Humanitarian means whatever the Iranian people need, so this money will be budgeted for those needs,” Raisi said. “And the needs of the Iranian people will be decided and determined by the Iranian government.”
Iranian President Ebrahim Raisi says they’ll use the $6 billion from the Biden Admin “wherever we need it … as determined by the Iranian government” pic.twitter.com/KMLUfk2xhl
— Tom Elliott (@tomselliott) September 12, 2023
Related: Iran Has Made Nearly $200 Billion In Illegal Oil Sales Under Biden-Harris
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President Joe Biden reportedly waived sanctions following the Democrats’ election losses last month that gave the Islamic Republic of Iran — the world’s leading state sponsor of terrorism — access to billions of dollars of frozen assets.
The Free Beacon obtained a copy of the non-public order transmitted to Congress from the State Department that claimed it was “in the national security interest of the United States” to allow Iran to access the $10 billion that had been frozen.
The report said:
The Biden State Department tweaked the waiver last year to allow Tehran to convert the funds from Iraqi dinars to euros, then hold those euros in bank accounts based in Oman. Access to a widely traded currency like the euro enables Iran to more easily spend the cash in international markets. Under the first Trump administration, Iran had to keep the cash in an escrow account in Baghdad, making it more difficult to access.
The Biden administration claims that the money is not going to be used for terrorism because the funds can only be used for humanitarian purposes.
However, money is fungible, meaning it can be easily moved around, hidden, and used for different purposes.
CHECK OUT THE DAILY WIRE HOLIDAY GIFT GUIDE
Many have raised concerns about the administration waiving sanctions against the regime after it has funded the majority of terrorism in the Middle East for years, which came to a head last year when Hamas launched an unprecedented terrorist attack against Israel on October 7.
Iranian President Ebrahim Raisi, who died in May, said in an interview last year that Iran would spend the money however it wanted to.
“What is your expectation of its [the money’s] use?” asked NBC News host Lester Holt. “We’re told that it’s for humanitarian purposes — food and medicine. Do you believe you have the right to use that money in any way that you see fit?”
“This money belongs to the Islamic Republic of Iran, and naturally, we will decide, the Islamic Republic of Iran will decide to spend it wherever we need it,” Raisi answered. “How to spend our money of course, it is under the authority of the Islamic Republic of Iran.”
Holt responded by asked, “So if I hear you clearly that it will be used for more than humanitarian purposes in your view?”
“Humanitarian means whatever the Iranian people need, so this money will be budgeted for those needs,” Raisi said. “And the needs of the Iranian people will be decided and determined by the Iranian government.”
Iranian President Ebrahim Raisi says they’ll use the $6 billion from the Biden Admin “wherever we need it … as determined by the Iranian government” pic.twitter.com/KMLUfk2xhl
— Tom Elliott (@tomselliott) September 12, 2023
Related: Iran Has Made Nearly $200 Billion In Illegal Oil Sales Under Biden-Harris
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