- Toyota Tsusho briefs PM on plan to manufacture vehicles in Bangladesh |
- Security, sacrifice or opportunity: Climate action visions differ |
- Four New Subjects to Join Curriculum From 2027 |
- Strong children mean a stronger Bangladesh: PM |
Iran has no problem providing foreign currency: Central Bank chief
Iran’s Central Bank governor says Tehran supplied $2bn in foreign currency to the market to show US President Donald Trump and Treasury Secretary Scott Bessent that the country has no shortage of foreign exchange.
“The reason we provided $2bn in foreign currency for the market was to make Trump and his Treasury secretary understand that we have no problem providing foreign currency,” Abdolnaser Hemmati said in remarks carried by Iranian state broadcaster IRIB.
Hemmati said Iran had supplied about $24.9bn in foreign currency by early October, down about 12 percent from $28bn during the same period last year.
He said the decline mainly affected the industrial sector and did not extend to essential goods. Foreign currency supplied to fund medicine imports rose by 30 percent compared with the same period last year, he added.
His remarks come after Iran’s rial fell to a new low on Saturday, amid US sanctions aimed at restricting Tehran’s access to foreign exchange, reports AL Jazeera.