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Hemmati: I am not inexperienced / We have controlled the dollar price three times

3w ago October 7, 2026 1 min read 📰 Donya-e-Eqtesad
📋 Key Takeaway

The Governor of the Central Bank, Abdolnaser Hemmati, asserts that the bank has successfully managed the dollar's price on three occasions, attributing recent currency fluctuations to psychological factors rather than a shortage of currency. This statement highlights the ongoing challenges in Iran's economy amid fluctuating exchange rates.

🔍 Quick Context Guide
💡 Bottom Line: Hemmati's defense of currency policy highlights the ongoing economic challenges Iran faces and the psychological factors influencing its currency market.

👥 Key Players

Abdolnaser Hemmati MENTIONED
Governor of the Central Bank of Iran
"Hemmati is responsible for Iran's monetary policy and currency management, making his statements crucial for understanding the country's economic stability."

📰 What Happened

The Governor of the Central Bank, Abdolnaser Hemmati, defended the bank's currency management, claiming they have successfully controlled the dollar price multiple times and attributing recent fluctuations to psychological factors rather than currency shortages.

  • Hemmati claims to have controlled the dollar price three times.
  • He suggests that the recent surge in the exchange rate is due to public expectations rather than a lack of currency.

💡 Why It Matters

🇮🇷 For Iran: This statement is significant for Iran as it reflects the government's attempt to manage public perception and stabilize the economy amidst ongoing inflation and currency devaluation.
🌍 Regional: Instability in Iran's economy can have ripple effects in the region, affecting trade relations and economic partnerships.
🌐 International: Internationally, fluctuations in Iran's currency can impact negotiations and relations, particularly concerning sanctions and trade agreements.

📚 Background

Iran has been grappling with economic issues, including inflation and currency devaluation, exacerbated by sanctions and internal policies. Understanding currency management is key to grasping the broader economic situation.

Iranian economy Currency fluctuations Sanctions on Iran
📡 Source: STATE MEDIA
📊 Confidence: 70%
As a statement from a government official, this perspective may emphasize positive outcomes and downplay negative aspects of the economic situation.

The Governor of the Central Bank defended the bank's currency policies, stating: We have controlled the dollar price three times and we have experience; the surge in the exchange rate is not due to a lack of currency, but rather due to the instillation of expectations.

🌐

Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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