Iran Says It Will Spend $6 Billion ‘Wherever We Need It’

Iranian President Ebrahim Raisi said his government will decide how it will spend $6 billion in previously frozen funds due to be released under a prisoner exchange agreement with the United States, telling NBC News that the money “belongs to the Iranian people.”

But U.S. officials say Qatar’s central bank will oversee the funds and Iran will only be permitted to use the money for humanitarian purposes in accordance with U.S. sanctions.