Iran's central bank governor dismisses claims of economic collapse amid US blockade
The governor said the central bank is prioritizing inflation control and currency support as annual inflation hit 73.6%, the Statistical Centre of Iran said.
- On Wednesday, Iran Central Bank Governor Hemmati told an International Monetary Fund meeting in Bangkok that Washington's claims of economic collapse are an 'illusion,' despite a U.S. naval blockade aimed at draining state coffers.
- Washington launched 'Operation Economic Outcast' on August 24 to sever Iran's commercial links, then expanded the campaign in September to target Iranian airlines, further isolating the country and increasing costs for external transactions.
- Annual inflation reached 73.6% in September, according to the Statistical Centre, while the rial has lost nearly 35% of its value since July and seaborne crude exports fell to zero by early September, Vortexa reported.
- Hemmati announced the central bank is prioritizing inflation control and banking services while launching a late September program to sell up to $2 billion through state banks to support the rial.
- People gathered at the Grand Bazaar in Tehran on Tuesday as the country navigates financial pressures from the blockade and reduced access to global markets amid the ongoing isolation campaign.
18 Articles
18 Articles
The Governor of the Central Bank of Iran has recently rejected the collapse of the economy, despite the fall in oil exports to zero, the loss of 35% of its value, and inflation reaching 73.6%, amid the tightening of the sanctions and the maritime blockade.
Iran's central bank governor, Hemmati, called the notion that his country's economy is collapsing an illusion.
In September, Washington expanded its campaign to target airlines, further isolating Iran and making connections with the outside world more limited and costly. The post Iran rejects US claims of economic collapse, calling them an "illusion" appeared first on in.gr.
Jerusalem Post
KAYHAN LIFEIran's central bank governor dismisses claims of economic collapse amid US blockade
Washington reinstated its blockade of Iranian ports in July and launched "Operation Economic Outcast" on August 24, a campaign aimed at severing Iran’s remaining links with the global economy.
Iran's central bank governor dismisses claims of economic ...
Cyprus Mail
Business TimesIran’s central bank governor dismisses claims of economic collapse amid US blockade
US claims that Iran's economy is collapsing are an illusion, the governor of Iran's central bank said on Wednesday at an International Monetary Fund meeting in Bangkok, as Tehran faces a US naval blockade aimed at driving its oil exports to zero and draining state coffers. Washington reinstated its blockade…
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