WASHINGTON: US Secretary of State John Kerry said on Tuesday that the amount of cash Iran will receive due to the implementation of the nuclear agreement is below the $50 billion level.

`It`s below the $50bn (level),` he told the Senate Foreign Relations Committee,when he was asked about varying reports about how much money Iran would receive.

Iran gained access to about$100bninfrozenassets when an international nuclear deal was implemented last month, but much of it already was tied up because of debts.-Reuters