EA WorldView | A Window On The World: "The head of Iran’s Central Bank has claimed that the Islamic Republic’s currency reserves have increased to between 60-65%, Mehr News reports.
Mahmoud Bahmani said that the currency reserves had seen a “dramatic” increase over recent years and now stand at $40 billion. Bahmani said that the issue of Iran’s foreign exchange reserves was confidential.
Wait just a minute — did the Central Bank, after 18 months of withholding figures, just admit to a 50% decrease — not a 60 to 65% increase in Iran’s foreign reserves?
The Islamic Republic has not posted official numbers on its researves, but at the end of 2011 the best estimates — including that of the CIA — were that Iran had amassed $80 billion."
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