Iranian Central Bank Denies Economic Collapse
Iranian Central Bank Governor Abdul Nasser Hemati pointed out that American statements about the collapse of the Iranian economy are just illusions. He confirmed that Iran is focused on curbing inflation and stabilizing the financial system, despite international sanctions and a maritime blockade that have led to a sharp decline in oil exports. Iran is also facing an inflation rate of 73.6% and a 35% decrease in the value of the rial since July, with oil exports dropping to zero in some weeks. The Central Bank is attempting to support the local currency by selling dollars in order to improve economic stability.
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