Iran Says It Has Enough Foreign Currency Reserves
Iran holds sufficient foreign currency reserves despite United States sanctions and market volatility. Central Bank Governor Abdolnaser Hemmati announced plans to inject up to two billion dollars to calm the foreign exchange market.
Iran has sufficient foreign currency reserves to withstand economic pressure, Central Bank Governor Abdolnaser Hemmati said on Tuesday morning. The announcement follows statements from United States officials claiming Tehran's economy is collapsing under renewed sanctions. The central bank is preparing to inject up to $2B into domestic markets to stabilize recent currency volatility.
