Tehran-Saba:
The Central Bank of Iran denied the validity of rumors about a crisis in foreign exchange reserves or difficulty in securing foreign currencies needed for imports.
Fars News Agency quoted the Central Bank of Iran as saying in a statement that Iran's cash and gold reserves are reassuring and are used to cover the country's needs.
The statement pointed out that more than $53 billion has been allocated to supply goods since the beginning of the current Iranian year, of which more than $11 billion is directed to basic commodities and medicines.
He explained that these figures confirm the stability of the financial situation and are sufficient to meet imports until the end of the current Iranian year in March 2025.
The bank also reported its intention to launch the digital currency "digital riyal" soon, as part of efforts to modernize the banking system and enhance international financial cooperation.
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