On August 4th President Obama held a press conference to discuss the controversy anddenied it was a “ransom payment” (see video). Specifically, to answer the question of “why cash“, President Obama said:
[06:05] “and the only bit of news that is relevant on this, is the fact that we paid cash. Which brings me to my last point.The reason that we had to give them cash is precisely because we are so strict in maintaining sanctions, and we do not have a banking relationship with Iran, that we couldn’t send them a check; and we could not wire the money.And it is not at all clear to me why it is that cash, as opposed to a check or a wire transfer has made this into a news story”. [06:46]
However, two days later, January 19th 2016, the U.S. Treasury wired Iran 13 individual payments for $99,999,999.99 , each with an independent MICR, totaling $1,299,999,999.87.
https://theconservativetreehouse.com/2016/08/25/president-obama-said-pallet-of-cash-to-iran-because-wire-transfers-not-available-records-indicate-wire-transfers-two-days-later/
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