India, April 2 -- President Donald Trump, during his primetime speech on Wednesday, claimed that Democratic president Barack Obama gave $1.7 billion 'in cash' to Iran back in 2016. This is a remark the 79-year-old has made in the past. While the numbers are correct, there is an explanation behind the Obama administration move.

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The payment stemmed from a decades-old financial dispute between the US and Iran, involving funds that originally belonged to Tehran and had been frozen since the 1970s. In 2016, the Obama admin confirmed that the $1.7 billion settlement was delivered in physical cash using foreign curre...