The Governor of the Central Bank of Iran says that the United States’ relentless efforts to destabilize Iran’s foreign exchange market have failed thanks to the actions of the Central Bank.
Abdolnasser Hemmati made the remarks in a Friday statement, the full text of which follows:
1- The unscrupulous efforts of the United States and its agents to destabilize money and foreign exchange markets in Iran are nothing new. These efforts aim to create negative expectations and bring the Iranian economy to its knees.
2- Despite all the pressure and pain imposed on us, they have certainly not reached their goal. Measures taken by central banks have attempted to distort expectations and provoke hyperinflation.
3- The temporary increase in the inflation rate in the first months of this year, mainly due to the pandemic and the poor expectations, is contained. Central banks are committed to achieving their announced inflation target and use all tools to do so.
4- All basic goods are sold and the required currency resources are provided through both Central Ban and the NIMA system. Despite the fact that oil revenues have fallen markedly, we have, with our exporters, supplied foreign exchange resources for basic goods and raw materials.
5- The central bank has devised its plans based on the continuation of illegal and unilateral US sanctions. Last-minute desperate attempts to strengthen sanctions will not deter our plans to maintain market stability.
6- The central bank has made every effort to maintain market stability and reduce speculative fluctuations to help maintain economic prosperity and growth. We continue to monitor macroeconomic variables and take appropriate action when deemed necessary.