00:00Iran's Central Bank Governor says the country has sufficient foreign currency reserves despite growing U.S. sanctions.
00:07Governor Abdul Nasir Hamati says the Central Bank is ready to inject up to 2 billion U.S. dollars into
00:13the foreign exchange market to ease recent volatility.
00:19His comments come after U.S. Treasury Secretary Scott Besson said Tehran was losing economically under Washington's sanctions.
00:27The U.S. has also warned businesses dealing with Iran that they could face sanctions as well.
00:35As the war drags on, Iran's economy continues to face significant strains.
00:39Its currency has plunged to record lows, crossing 2 million rales to the U.S. dollar in August, while annual
00:46inflation hit 66 percent in July.
00:49As economic pressure mounts, Tehran seeks to reduce its dependence on the U.S. dollar.
00:54These include plans to join the BRICS-led new development bank and a proposal for a payment corridor using local
01:01currencies as well as digital assets to bypass dollar-based financial systems.
