10:14 AM in Tehran
Iran's central bank says it can inject up to $2 billion to steady the rial
OfficialDiplomacy & politicsTehran, 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: The Times of Israel