The governor of the Central Bank of Iran (CBI) says plots for a massive devaluation of Iran’s national currency have effectively failed as the rial keeps regaining some of its value despite growing hostile economic pressure from the US regime.
Abdolnasser Hemmati said on Friday that “enemies” failed to realize their objectives from imposing sanctions on Iran which was “as they had asserted to destroy the national currency as a prelude to overthrow the state.”
The rial had resumed its long-anticipated recovery against the US dollar on Thursday as it traded 118,000 against the greenback, a surge of around 13% compared to earlier in July when each dollar had been sold for 135,000 Iranian rials.
Iran, like Venezuela has been faced with some of the harshest sanctions ever imposed on a country after US President Donald Trump withdrew from a major international agreement on Tehran’s nuclear program in May last year.
Trump has stated repeatedly that sanctions would finally force the Iranians to bow, claiming that people in the country have had huge difficulties finding foods and medicine.
PressTV. com / ABC Flash Point News 2019.