Hemmati: Claims of Iran's Economic Collapse Are Delusional

The Governor of the Central Bank stressed the resilience of Iran's economy in the face of war and sanctions, and called for reviewing the effects of economic restrictions and international payments based on uniform standards for all countries.

Emphasizing the resilience of Iran's economy against war and sanctions, the head of the Central Bank demanded to examine the effects of economic restrictions and international payments based on the same criteria for all countries.

According to Ambassador Arjan Abdulnaser Hemmati, the head of the central bank, at the annual meeting of the International Monetary Fund and the World Bank Group in Bangkok, Thailand, he did not consider the claim of the collapse of Iran's economy "an illusion" and said that the country's economy has shown remarkable resilience despite the war and economic pressures and American sanctions.

Referring to the priorities of the Central Bank, Hemmati stated that curbing inflation, stabilizing inflationary expectations, maintaining financial stability and continuity of banking services and the payment system are among the most important policies of this bank.

He called the provision of foreign exchange needed for the import of medicine and basic goods and efforts to curb the acceleration of inflation among the Central Bank's measures to maintain economic stability and said: The evaluation of the performance of Iran's economic policies should be done by considering external shocks and financial restrictions. Factors that affect the policy environment and the effectiveness of economic measures.

Request from the Fund to investigate the effects of sanctions

Emphasizing the role of international institutions in evaluating the economic developments of countries, the head of the Central Bank demanded that the International Monetary Fund, in its bilateral and multilateral monitoring, examine the economic effects of war, sanctions and restrictions on international payments with the same precision as it evaluates the internal policies of countries.

He also emphasized the necessity of using the same criteria to evaluate the members of the fund and active dialogue among countries about ways to reduce the effects of these restrictions.

Referring to the regional consequences of the tensions, Hemmati added: the continuation of the unstable situation in the region can affect the energy, transportation, trade and investment markets.

According to him, strengthening regional stability requires respect for the sovereignty of countries, attention to legitimate security concerns, and cooperation based on mutual responsibility and common interests.

The head of the central bank also called for a more active role of the International Monetary Fund in strengthening international monetary cooperation and monitoring the performance of the global monetary system.

The annual meeting of the International Monetary Fund and the World Bank Group in 2026 will be held from October 12 to 18 in Bangkok, Thailand, and the delegation of the Central Bank of Iran, headed by Hemmati, will attend the meeting.