A prisoner swap involving five Iranian prisoners and five American prisoners will take place on Monday, Reuters reported, citing Iran’s Foreign Ministry spokesperson Nasser Kanaani.

The governor of the Central Bank of Iran has updated that the funds have arrived in Iran’s accounts. The funds were transferred by Qatar.

Last week, the Biden administration cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of US sanctions.

In addition, as part of the deal, the administration has agreed to release five Iranian citizens held in the United States, the news agency said.

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