Story perspectives

Iran’s central bank to inject $2 billion FX support

9/2/2026

Summary

Hemmati Boosts FX

Central Bank Governor Abdolnaser Hemmati said Iran has sufficient foreign-currency reserves.
He announced the bank can inject up to $2 billion into the foreign-exchange market.
The rial fell to a record low in August, crossing two million per US dollar.
Annual inflation reached about 66 percent in July, according to Iranian officials.
Hemmati said war-driven unemployment rose and small-medium firms will receive financing.

Summary

US Sanctions Iran

The United States sanctioned Egypt’s Banque Misr UAE branch, cutting its dollar-transaction access after processing $1.8 billion for 103 firms.
Treasury designated Reza Mohammad Taeedi, Dubai manager of Iran’s Bank Melli, under a counterterrorism authority.
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani met Iranian officials to push for reopening the Strait of Hormuz.
Treasury Secretary Scott Bessent said the sanctions aim to force Iran back to negotiations, not pursue regime change.

History

Historical Context

After the UN Security Council adopted Resolution 1737 on 23 December 2006, freezing Iranian assets and banning nuclear-related supplies, member states were ordered to block assets of designated Iranian entities. Today, the U.S. Treasury again targets Iran’s financial network by sanctioning Banque Misr’s UAE branch and designating Reza Mohammad Taeedi, continuing a decades-long strategy of isolating Tehran’s banking system.

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Hemmati Boosts FX

Central Bank Governor Abdolnaser Hemmati said Iran has sufficient foreign-currency reserves.
He announced the bank can inject up to $2 billion into the foreign-exchange market.
The rial fell to a record low in August, crossing two million per US dollar.
Annual inflation reached about 66 percent in July, according to Iranian officials.
Hemmati said war-driven unemployment rose and small-medium firms will receive financing.

1 / 3