Iran's Central Bank chief says regime has enough foreign currency despite US sanctions, blockade

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An Aqeeq (agate) ring is pictured next to Iraqi dinar and US dollar banknotes are laid out on a table as members of the Shia Muslim community arrive at a centre in Iraq's southern city of Basra accepting charity donations to aid people affected by the ongoing war in Iran and Lebanon.
An Aqeeq (agate) ring is pictured next to Iraqi dinar and US dollar banknotes are laid out on a table as members of the Shia Muslim community arrive at a centre in Iraq's southern city of Basra accepting charity donations to aid people affected by the ongoing war in Iran and Lebanon.
(photo credit: Hussein FALEH / AFP via Getty Images)

Iran has sufficient foreign currency reserves despite US sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after US Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.

The central bank was ready to inject up to $2 billion into the foreign exchange market to calm recent volatility, Hemmati said, according to the semi-official Tasnim news agency.

“I am telling the President of the United States: Iran has (foreign) currency and it has enough,” he added.

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