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‘Iran’s economy will not break’: Central Bank governor vows resilience against US economic warfare

Hemmati emphasized that the CBI has successfully prevented the economic collapse that US planners had anticipated.

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The Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati.

The Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati, has assured the Iranian public that the national economy will not break under the weight of US economic warfare, revealing that Tehran has successfully thwarted Washington’s primary objective of triggering catastrophic hyperinflation.

In a televised interview, Hemmati provided an assessment of the country’s economic battlefield, acknowledging the daily pressures felt by citizens while firmly stating that the Islamic Republic has neutralized the most severe threats engineered by the United States and the Israeli regime.

Hemmati emphasized that while inflation remains a challenge, the CBI has successfully prevented the economic collapse that US planners had anticipated.

"I am not talking about low inflation; I am talking about the fact that heavy, catastrophic inflation was supposed to happen, and this was one of America's primary goals—a goal that Trump and his Treasury Secretary repeat every day," Hemmati stated. "Fortunately, this did not happen, and the Central Bank has a plan and is actively pursuing liquidity control."

He highlighted the contrast between US predictions and reality.

"They planned to bring Iran to economic collapse within two weeks, claim victory, and leave. Now, nine months have passed," he noted, referring to the ongoing US-Israeli military and economic aggression that began earlier this year.

"Now they come and say that in another two weeks, Iran will collapse economically. Ten days have passed since that claim, and we are on the front lines of the economic war. We will give them the exact same answer: the result they want is the result they will get themselves."

Managing psychological warfare

Addressing recent fluctuations in the foreign exchange market, Hemmati explained that the US is heavily relying on psychological warfare to destabilize the Iranian economy.

He noted that daily threats, sanctions announcements, and social media campaigns by US officials are designed to artificially inflate negative economic expectations among the public.

"When inflation expectations rise, it is natural that people turn to assets that can hedge against potential currency devaluation," Hemmati explained. "This drove up demand in the market. However, as I have stated before, we have a 'reaction function' designed by the Central Bank. The moment this happened, we immediately entered the market to manage the currency and counter these manufactured shocks."

He reassured the public that despite the immense pressure, the state has the necessary tools and foreign exchange resources to manage the situation, drawing a parallel to US military failures.

"Just as they claimed 90 percent of their missiles were depleted, only to see a continuous stream of missiles, they constantly claim our currency and revenues are finished, but they see that nothing has happened."

Hemmati’s remarks come as the United States intensifies its "Operation Economic Outcast," a campaign led by the US Treasury Department to sever what Washington calls "critical financial lifelines" for Iran.

Following the failure of its military objectives, the US has leaned heavily on a naval blockade of Iranian oil and a new wave of sanctions targeting Iran's military supply chain and financial facilitators.

US officials, including Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, have repeatedly pushed a narrative that Iran is heading toward an economic "cataclysm," expressing confidence that Tehran will be forced to capitulate ahead of the US midterm elections in November.

However, Iranian leadership has dismissed these projections as delusional propaganda.