A display showing the name of the German stock market "Deutsche Boerse" is pictured at the stock exchange in Frankfurt, Germany, on March 12, 2020. (PHOTO / AFP)

TEHRAN - An Iranian Central Bank (CBI) official said on Sunday that the CBI will take legal action against a lawsuit filed in a US court to seize US$1.7 billion of Iran's assets held by Deutsche Borse's Clearstream banking unit, Tasnim news agency reported.

Serious legal action (by Iran) is also underway to counter these measures

Amir Hossein Tayyebi Fard, deputy of Iranian Central Bank

"The US plaintiffs are seeking legal action in US courts against Clearstream. Serious legal action (by Iran) is also underway to counter these measures," said Amir Hossein Tayyebi Fard, a CBI deputy.

READ MORE: UN Security Council rejects US bid on Iran sanctions

"The move by the United States is doomed to failure like similar American anti-Iran legal attempts that have ended in Iran's favor in recent years," a CBI statement over the issue was quoted by official IRNA news agency as saying on Sunday.

ALSO READ: UNSC president dismisses US sanctions move on Iran

The US authorities have accused Clearstream of violating US money laundering and Iran sanction laws, which Deutsche Boerse has denied.