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OfficialDiplomacy & politicsTehran, Iran

Iran's central bank says it can inject up to $2 billion to steady the rial

Mountain Time
Local time
10:14 AM in Tehran
Where
Tehran, Iran

Central Bank Governor Abdolnaser Hemmati said Iran has enough foreign currency despite US sanctions and is ready to inject up to $2 billion into the foreign exchange market to calm volatility, Tasnim reported.

Why it matters

The rial still fell to a record of about 2.2 million per dollar the next day, a measure of how hard sanctions and the blockade are squeezing Iran's finances.

Source

Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels

Correction

  • Corrected the headline (it read "Iran's central bank governor says Tehran can inject $2 billion to curb currency volatility"); revised the summary; revised the context note; changed the confidence label from reported to official; reclassified it from economic to sanctions; updated the sourcing note. Why and evidence