TEHRAN (Tasnim) – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati has highlighted the ineffectiveness of U.S. sanctions against the Islamic Republic and said Washington has failed in its campaign of maximum pressure on Tehran.
"Stabilizing the Iranian market certainly does not mean stopping inflation or lowering prices and relieving economic pressure on the middle and lower income classes but merely indicates the U.S. failure to achieve its goals behind the maximum pressure (campaign on Iran),” Hemmati said on social media.
"Therefore, support for people on low and fixed incomes should be seriously pursued,” he added.
The top banking official further said efforts are underway to increase the country’s revenues from the exports of oil and non-oil products in various ways.
The remarks came against the backdrop of increased tensions between Iran and the U.S. with Washington imposing new sanctions against the Islamic Republic.
The U.S. has ratcheted up pressure on Iran since last year after withdrawing from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
Iran oil Minister Bijan Zangeneh addresses the Iran’s Palriament, Agu.25, 2019.