The installments, amounting to one billion dollars, have been deposited to the account of the CBI in the Central Bank of United Arab Emirates.

The Islamic republic "can use the money now", the CBI statement said without further elaboration.

The release of parts of Iran's assets by US comes following a recent report from the International Atomic Energy Agency, the UN nuclear watchdog that Iran has completed some of its obligations, as stipulated in the deal it reached with world powers in November last year.

The US has now released 2.55 billion dollars to Iran since February.

Under the deal with the US, Britain, France, China, Russia and Germany, Iran would halt part of its controversial nuclear programme in exchange for an easing of sanctions that had crippled its economy.

(Agencies)

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