Iran's CB Refutes IMF Data on Currency Reserves

The governor of Central Bank of Iran rejected the IMF’s estimation of Iran’s currency reserve in its latest report published last week.
In a note posted on his social media account, Abdolnasser Hemmati said the report was “biased, false and drawn from incomplete data”. 
In its latest World Economic Outlook report, the International Monetary Fund said the central bank’s “gross official reserves” has declined sharply from $122.5 billion in 2018 to $12.4 billion in 2019. The reserve had further declined to $4 billion in 2020, it claimed.