A senior U.S. official says Washington’s sanctions against Iran have sharply curbed Tehran’s access to foreign currency, leaving it only $10 billion of accessible reserves to “foment violence and suffering” at home and abroad.
U.S. Special Representative for Iran Brian Hook shared what he said were newly declassified details of Iran’s foreign exchange reserves in a speech Thursday to the Council on Foreign Relations (CFR) in Washington.
“According to U.S. government analysis, Iran currently has around $100 billion in foreign exchange reserves. Of that, only about 10% is immediately accessible to Iranian authorities. That is $10 billion,” Hook said.