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The Latest Breaking News from Abdolnaser Hemmati

Iranian rial in freefall as dollar breaks 2.1 million mark

The rial has lost 63% of its value against the dollar since March, with the euro hitting 2.55 million rials and gold coins changing hands at 2.26 billion. Iran's central bank governor pledged a $2 billion injection while acknowledging inflation had placed "heavy pressure on people's livelihoods."

Euronews

Iran defiant as Scott Bessent says US likely to announce bank sanctions this week

Washington plans to announce bank sanctions against Iran this week. Oil prices increased after direct attacks and tanker incidents. Iran warned it would prevent oil exports from the Persian Gulf. US Treasury Secretary Scott Bessent vowed to economically asphyxiate Iran's leadership. Tehran officials remain defiant, utilising all capabilities to respond.

The Economic Times

Iran says it has enough foreign currency despite US sanctions

Iran's Central Bank Governor stated sufficient foreign currency reserves exist despite sanctions. He announced plans to inject two billion dollars into the market. This move aims to calm recent foreign exchange market volatility. Iranian officials acknowledge economic difficulties and livelihood management challenges. The Governor assured that collapse has not happened…

The Economic Times

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Iran predicts ‘another defeat’ for US after Washington's new sanctions

Iranian Economy Minister Ali Madanizadeh on Monday warned of "another defeat" for the US after Treasury Secretary Scott Bessent announced expanded sanctions against Tehran. Madanizadeh said Iran had a "two-year plan" to counter the new sanctions and dismissed Bessent's stated efforts to sever "every economic lifeline" sustaining Iran. Read our…

France 24

Iran to join BRICS development bank soon, central bank governor Abdolnaser Hemmati says

Iran plans to join the New Development Bank soon. This move comes as the nation faces international sanctions and seeks alternative financial channels. Iran joined BRICS in 2024 and desires shareholder status in the NDB. The bank was established by BRICS nations to finance development projects. BRICS members aim to…

The Economic Times

Iran to join BRICS bank soon as Trump claims US controls Tehran’s frozen assets

Iranian central bank governor Abdolnaser Hemmati said in a state media report on Wednesday that Iran will soon join the New Development Bank, the multilateral lender established by the BRICS group of nations. This comes ahead of a BRICS finance meeting scheduled to be held in India.

The Times of India

US strikes Iran missile sites and mine laying vessels as Trump’s promised peace deal remains elusive

Negotiators from Iran travelled to Qatar on Monday, with the fate of the country’s nuclear programme and access to frozen assets under discussion

The Guardian - AU

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Iran delegation in Qatar seeks deal on frozen assets and Hormuz blockade

A high-level Iranian delegation led by parliament speaker Mohammad Bagher Ghalibaf, FM Abbas Araghchi and central bank chief Abdolnaser Hemmati arrived in Doha on Monday to discuss US accords and the unfreezing of blocked assets, according to anonymous sources familiar with the talks.

Euronews

Iran’s Zarif resigns amid political wrangling over economic woes

The ex-foreign minister was the face of reformist-backed talks with global powers that led to Iran’s 2015 nuclear deal.

Al Jazeera

Iran’s vice-president and most prominent reformist resigns

Mohammad Javad Zarif implies move was endorsed by supreme leader, as his exit sends stock market into a tailspin

The Guardian - UK

Iran’s economy minister impeached as inflation rises, currency falls

Hemmati removed from office after 182 of 273 lawmakers vote against him as rising cost of living fuels discontent.

Al Jazeera

Khamenei Acknowledges ‘Labor Protests,’ Warns Against ‘Enemy Plots’

Iranian Supreme Leader Ali Khamenei said on Monday that the labor protests were “rightful,” but warned against “enemy plots", after authorities arrested several teachers and workers last week amid public discontent over the worsening living crisis. Khamenei expressed his support for the government, saying that it had "important plans" in…

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