Don't forget Obama sent pallets of cash to Iran
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January 2016, then President Obama allowed pallets of cash to be sent to Iran.
- A settlement of a decades-old arbitration claim at The Hague, stemming from a failed arms deal under the time of the Shah.
- The Amount: The total settlement was $1.7 billion, with an initial payment of $400 million, followed by two more shipments totaling $1.3 billion.
- How it was delivered: The money, made in Swiss francs, euros, and other currencies, was flown to Iran on wooden pallets via cargo planes.
- The timing: The initial $400 million cash delivery coincided with Iran's release of American prisoners.
- Controversy: Critics, primarily Republicans, accused the Obama administration of paying a "ransom" for the hostages, violating a longstanding U.S. policy against such payments.
- Obama Administration's explanation: They denied paying a ransom, stating that the payment was a legitimate settlement of a legal claim. They also stated that cash payment was necessary due to sanctions, which isolated Iran from the international financial system. However, they later acknowledged that the cash was used as leverage to ensure the Americans were allowed to leave Iran.
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