Iran's central bank governor dismisses claims of economic collapse amid US blockade

NEWS SUMMARY

Iran's central bank governor dismissed claims of economic collapse at an IMF meeting in Bangkok, despite a US naval blockade and sanctions aimed at halting oil exports. The rial has lost 35% of its value since July, with annual inflation reaching 73.6% in September, though the central bank stated its priority is curbing inflation and stabilizing the currency.

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Washington reinstated its blockade of Iranian ports in July and launched "Operation Economic Outcast" on August 24, a campaign aimed at severing Iran’s remaining links with the global economy.

Iran's central bank governor dismisses claims of economic collapse amid US blockade

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