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The Obama administration is facing criticism for paying Iran $1.7 billion in taxpayer funds as part of what critics described as a ransom bound up in a controversial hostage trade designed to secure the release of five Americans long held by Iran, according to conversations with administration officials and experts critical of the agreement.
Soon after, with the assistance of Algerian intermediaries, successful negotiations began between the United States and Iran. On the day of Reaganâs inauguration, the United States freed almost $8 billion in frozen Iranian assets, and the hostages were released after 444 days. The next day, Jimmy Carter flew to West Germany to greet the Americans on their way home.