[Central Bank of Iran Governor: Sufficient Foreign Exchange Available for Sale; Enemy Conducting Psychological Warfare and Propaganda Offensive] Central Bank of Iran Governor Hemmati stated that Iran is not the instigator of exchange rate fluctuations, but rather that economic warfare has exacerbated the phenomenon, which is currently being controlled. The price increase is not due to a lack of foreign exchange, but rather to expectations and the resulting capital outflows. The timing and entry point of the central bank's market intervention are purely technical matters, aimed at controlling the speed of price increases. The goal of intervention in the foreign exchange market is to manage volatility and achieve stability, not to set a floor or fix prices at a specific level. The relative stability of the past few days does not mean that the current exchange rate has bottomed out, and this price level should not be considered a stable market exchange rate. We have sufficient foreign exchange available for sale and will continue to implement this policy. The enemy is not idle; they are employing various tactics, conducting psychological warfare and propaganda offensives. Selling foreign exchange does not mean we have no foreign exchange reserves; the central bank possesses foreign exchange and will release it when needed to manage the market and reduce volatility. Some people believe that we only have the $24 billion frozen and discussed in negotiations; we have other foreign exchange reserves. We cannot disclose all information; we are in a state of war.
