Iran's Central Bank: Rial Decline Temporary

The Iranian rial is experiencing a sharp decline, surpassing two million against the dollar in the unofficial market, losing about 10% of its value over the past two weeks, following the start of an economic war amid rising tensions with the United States. The Governor of the Central Bank of Iran stated that the currency's decline is temporary and volatile, viewing the crisis as a result of U.S. pressures and political propaganda. Iran expects the economic situation to improve as the government continues to resist U.S. sanctions, while Washington prepares to intensify economic pressure through new measures and the blockade of strategic ports in the Gulf.

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