Iran's central bank governor says foreign exchange reserves sufficient beyond Trump's term

Abdolnaser Hemmati, the Governor of the Central Bank of Iran (CBI), stated in an interview with Bloomberg News in New York that Iran possesses sufficient foreign exchange resources to withstand economic pressure. He made the remarks on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.

When asked by a Bloomberg reporter about the exact amount of Iran's foreign exchange reserves, Hemmati declined to provide a figure, saying, "Do you want to report the amount of these reserves to Trump and the Federal Reserve? I will not disclose the figure to you." He then emphasized the adequacy of the country's foreign exchange resources, stating, "Foreign exchange reserves are in very good condition and will be sufficient for us even after Trump's administration."

The Bloomberg reporter also inquired whether Iran's foreign exchange reserves would be sufficient to withstand economic pressure over the next two years. Hemmati replied, "Yes, our reserves are absolutely sufficient." The interview took place during the IMF and World Bank annual meetings, where economic officials from around the world gather to discuss global financial issues.

Hemmati's comments come amid ongoing economic pressure on Iran, including sanctions imposed by the United States. The CBI governor's remarks are seen as an effort to reassure markets and the public about the country's financial stability. He did not provide specific details on the reserves, citing concerns about disclosure.

According to Mehr News, Hemmati's interview with Bloomberg highlighted Iran's ability to manage its foreign exchange resources despite external pressures. The report added that the CBI governor's statements were made during his visit to New York for the international financial meetings.