1. Iran says it has enough foreign currency despite US sanctions

Iran says it has enough foreign currency despite US sanctions

World

  • Iran has enough foreign currency reserves despite US sanctions, Central Bank Governor Abdolnaser Hemmati said.
  • Hemmati said the central bank is ready to inject up to $2 billion into the forex market to calm recent volatility.
  • He said Iran continues to receive foreign currency and has domestic reserves and other resources that cannot be disclosed.
  • His comments came as the Iranian rial hit a record low and annual inflation reached 66% in July.

Source: ndtv.com

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