Hemmati: Claims of Iran's Economic Collapse Are Nothing but an Illusion

Speaking at the annual meeting of the International Monetary Fund, Hemmati said: Claims of Iran's economic collapse are nothing but an illusion. Hemmati's post: Claims of Iran's economic collapse are nothing but an illusion first appeared on Safir Arjan.

According to Ambassador Arjan, Central Bank Governor Abdul Naser Hemmati, speaking at the International Monetary Fund meeting in Bangkok, referring to the war imposed by the US and Israel against Iran, which is accompanied by the imposition of maximum sanctions and economic pressures by the US, emphasized: Despite all these pressures, Iran's economy has shown great resilience and the claim of the collapse of Iran's economy is nothing more than an illusion.

Hemmati said in this meeting: "Our priorities at the central bank are curbing inflation, stabilizing inflationary expectations, maintaining financial stability and continuity of banking services and the payment system."

Hemati stressed: Despite economic pressures and US sanctions, the Central Bank of Iran has played an important role in maintaining economic stability by providing foreign currency for the country's basic needs and medicine and curbing the acceleration of inflation. We are committed to monetary discipline, strengthening policy frameworks, and addressing macroeconomic imbalances, and these efforts must be weighed against external shocks and fiscal constraints that limit policy space and policy effectiveness.

The Governor General of the Central Bank added: The continuation of the situation in the region affects the energy, transportation, trade and investment markets, and stability requires respect for sovereignty and legitimate security concerns, along with cooperation based on mutual responsibility and common interests. These developments require a clearer and more proactive response from the Fund in line with its mission to strengthen international monetary cooperation and monitor the effective functioning of the international monetary system.

Hemmati emphasized: We expect the Fund to examine the economic effects of war, sanctions and restrictions on international payments in its bilateral and multilateral monitoring activities with the same precision as it evaluates domestic policies. This responsibility requires analysis with the same criteria for all members and active dialogue among members about the necessary measures to reduce these effects.