The Governor of the Central Bank of Iran Abdolnasser Hemmati says by implementing the tenets of the Resistance Economy in the new fiscal year (started March 21), the country can reduce the negative impact of unilateral US sanctions on the economy.
In an Instagram post on Friday, Hemmati referred to two overarching forecasts for the new Iranian year, one being doom and gloom dye to more stringent restrictions the US intends to impose, including a ban on Iranian oil exports, worsening stagflation, ballooning liquidity and negative economic growth.
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