Iran's central bank chief has stated that the nation's foreign exchange reserves remain ample, even as it contends with ongoing American sanctions. This declaration comes as part of a broader effort to stabilize the domestic currency market against recent volatility.
According to a report by Tasnim News Agency, Governor Abdolnaser Hemmati announced on Sunday that the central bank is prepared to inject $2 billion into the currency market. This move is intended to calm recent fluctuations and demonstrate financial resilience. The message to Washington is clear: Iran possesses not only foreign currency but also substantial reserves to back it up.
Hemmati emphasized the nation's economic endurance, asserting that despite the difficulties encountered, the Iranian economy has never collapsed and will not do so in the future. This statement comes amid extended conflicts and increasing American reliance on economic measures to force concessions from Tehran.
US Treasury Secretary Scott Bessent indicated late last month that Washington would implement a new round of sanctions aimed at "economically isolating" Iran. His remarks, delivered on August 24, came just hours after the Iranian rial had plummeted to a historic low against the US dollar, highlighting the intense pressure on the nation's financial system.
In response to the latest US pressure tactics, Iranian President Masoud Pezeshkian has suggested that America should alter its rhetoric and approach when dealing with Iran. He warned that relying on power and bullying will only serve to complicate the process further. Adding to this defiant stance, Mojtaba Mohber, an adviser to Iran's Supreme Leader, stated that the country's retaliation would be more resolute than ever before.