06 November 2018 - 21:06

CBI Is Prepared for Tougher Situations: Hemmati

Central Bank of Iran's Governor said new round of U.S. sanctions were predictable, adding the central bank is prepared for tougher situations.
News ID : 93421
دکتر همتی

Regarding U.S. Administration's new sanctions on Central Bank of Iran (CBI) and other Iranian banks as well as SWIFT disconnection, Abdolnaser Hemmati stated that the sanctions have been already predictable, but plans for various conditions and even tougher than the current situation have been adopted.



CBI's Governor stressed that essential negotiations with Iran's trade partners have been done and how to exchange with them has been coordinated.



The official went on say that necessary measures in line with precise adjustment for foreign reserves and currency consumption have been done, plus the country's foreign reserves state has promoted to ideal level. He said we have seen its effect in stable monetary and currency markets.



Hemmati mentioned that the central bank has predicted SWIFT alternatives for banking exchange with Iran'a trade partners in case of SWIFT disconnection.














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