1 min read
Add as a preferred source on GoogleIran Central Bank Governor Rejects Collapse Claims Amid 73.6% Inflation
The rial has depreciated about 35% against the U.S. dollar since July, while Hemmati acknowledged severe pressure on citizens.
Iranian central bank Governor Abdolnaser Hemmati rejected claims that Iran’s economy is collapsing as September inflation reached 73.6% and the rial depreciated about 35% against the U.S. dollar since July.
Hemmati said the economy remains functional while acknowledging that economic conditions are putting severe pressure on citizens. Households are facing rising costs for housing, medicines and car repairs.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.