Iran Has Foreign Exchange Reserves Topping $100 Billion, Ahmadinejad Says
Iranian President Mahmoud Ahmadinejad said his country’s foreign exchange reserves exceed $100 billion.
“They say that the foreign exchange reserves of the country are estimated to be $100 billion, but it’s certainly higher than this figure,” Ahmadinejad was quoted as saying today in a report published on his website.
Iran Central Bank Governor Mahmoud Bahmani said last week that the World Bank estimated Iran’s foreign holdings at $100 billion. Iranian officials usually don’t give a precise figure for the country’s reserves.
Iran, the second-largest producer in the Organization of Petroleum Exporting Countries, is under four rounds of United Nations sanctions over its nuclear program.
Iran’s reserves have exceeded $100 billion, Hossein Ghazavi, Iran’s central bank deputy chief, said in an interview last year, also declining then to give a specific figure.
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