Tuesday, 24 September 2019 03:47 GMT
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Iran's currency strengthens sharply against U.S. dollar




(MENAFN) In the last eight months, Iran was able to see its currency the rial achieve a 40 percent surge against the U.S. dollar.

Stabilization and regulation has also been accomplished in Iran's foreign currency market, as assured Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati.

U.S. President Trump failed to witness zero Iranian oil exports, the central bank governor emphasized.

"Iranian businesses have found ways around U.S. sanctions, trading through channels that skirt Washington's penalties," the governor noted.

"We have economic stability in Iran and calm in the currency markets. This shows that the Trump administration has been unsuccessful in its economic war against Tehran," Hemmati affirmed.

He added: "our oil exports have actually increased, they are currently rising, and we are using 'unconventional methods' to sell our oil."

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Iran's currency strengthens sharply against U.S. dollar

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