IAEA asks for extra money to monitor Iran's n-plan

The UN nuclear watchdog on Tuesday called for contributions to help with inspection of Iran's nuclear programme after last month's agreement between Iran and six world powers.

International Atomic Energy Agency (IAEA) chief Yukiya Amano called on member states to provide the agency with the money it needed, saying the extra budgetary contributions, $924,000 per month, will be exhausted by the end of September.

Amano said the annual cost for verification and monitoring nuclear activities in Iran is $10.63 million.

The agency will also need money in the run-up to the implementation of the July 14 deal, which was expected early next year.

"I call on all member states in a position to do so to contribute towards the financial needs of the agency related to implementation of the Joint Plan of Action, as well as preparatory and implementation work under the JCPOA (Joint Comprehensive Plan of Action)," he told the agency's Board of Governors' meeting.

Under the deal with the US, Britain, China, Russia and France plus Germany, Iran agreed to improve the transparency of its nuclear plan and resolve all the past suspected nuclear activities in exchange for the lifting of sanctions.