Iran Central Bank Chief Claims Adequate Foreign Reserves Despite US Sanctions

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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