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Iran Central Bank Chief Claims Adequate Foreign Reserves Despite US Sanctions

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Iran's central bank governor has asserted that the country holds sufficient foreign currency reserves despite ongoing US sanctions. The claim comes at a difficult time for Iran's economy, as the national currency hit a record low in August, falling past the 2 million rials per US dollar mark. Annual inflation in the country also surged to 66% as of July, reflecting severe economic pressure. The central bank chief's statement appears aimed at reassuring the public and markets amid growing financial instability.

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Iran Central Bank Chief Claims Adequate Foreign Reserves Despite US Sanctions · ShortSingh