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On January 17, 2016, the United States of America (“U.S.”) landed a plane carrying $400 million in euros, Swiss francs, and other foreign currencies in the Iranian capital of Tehran. U.S. officials later distributed the $400 million to Iranian officials. The plane carried the first of three payments that were delivered over the next several weeks, and which would fulfill the terms of a $1.7 billion settlement resulting from negotiations carried out at the Iran-United States Claims Tribunal (“IUSCT”) in The Hague. On the same day as the cash delivery, Iran released five United States citizens from detainment in Iran.

 

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