Billions of dollars in Iranian assets unfroze as the United States lifted sanctions following a controversial nuclear deal. Following the Jan. 17 implementation of the Iranian nuclear deal, according to the Christian Science Monitor, Iran has received more than 100 billion dollars in frozen assets. The Iranian nuclear deal comes from attempt at diplomacy in solving problems in Iran; the implementation of this deal requires Iran to lessen its stockpile of uranium by over 98 percent.

The deal goes on to mandate Iran’s number of centrifuges, devices used to produce uranium, be reduced significantly. The International Atomic Energy Agency declared that Iran had met all requirements of the nuclear deal, dismembered thousands of centrifuges and progressed to pouring concrete into a reactor core, preventing further creation of uranium in Iran.

Before the U.S. and Iran reached an agreement, sanctions prohibiting Iran’s role in the global market limited Iran’s economy. In exchange for adherence to the nuclear deal and for returning U.S. hostages, Iran is now able to resume participation in the global market. Iran’s oil ministry has already started to increase production by issuing an order to produce an additional 500,000 barrels of crude oil a day.

However, Iran is not yet free to operate in the global financial industry. President Barack Obama announced on Sunday new sanctions on Iranian entities and individuals involved in a missile test that violated a United Nations resolution. These groups and people are banned from using the U.S. banking system.