Iran Central Bank dismisses US economic collapse claims

The governor of the Central Bank of Iran, Abdolnaser Hemmati, rejected American claims of Iran's economic collapse, affirming that such assertions are mere illusions that do not reflect reality. He explained that Tehran has been facing intense pressures since July and August, including the reimposition of a maritime blockade and a reduction in oil exports, with maritime oil exports registering at zero in September. Additionally, the Iranian rial has lost about 35% of its value against the dollar since July, and the inflation rate rose to 73.6% in September. He emphasized that the monetary policy aims to reduce inflation and achieve financial stability, and the Central Bank allocated a program in late September to inject $2 billion to support the rial and ease price pressures.

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