TEHRAN: Iran has successfully transferred some of its formerly frozen assets in order to ensure that financial sanctions have been fully lifted in accordance with a historic nuclear deal, the head of the central bank said on Tuesday. State TV quoted Valiollah Seif as saying Iran has transferred assets from banks in Japan and South Korea to other banks in Germany and the UAE. He did not give the amount of the transfers. Seif said the lifting of sanctions, which took place over the weekend after the UN verified Iran’s compliance with the nuclear deal reached last summer, would give Tehran access to $32 billion in overseas assets and reduce the cost of international currency transactions for Iran by up to 15 per cent.