On Saturday, President Mahmoud Ahmadinejad said that Iran's foreign currency reserves exceed $100 billion, despite sanctions, the Washington Post reports.
"The country's foreign exchange reserves have been estimated at $100 billion, but it's definitely more than this figure," Ahmadinejad said in a statement posted on his office's website.
In the past, the president has refused to provide even a rough figure for the reserves, saying the information should remain confidential amid stiffer international sanctions.
The head of Iran's central bank, Mahmoud Bahmani, said Tehran has boosted its reserves by buying hundreds of tons of gold at a price that has since doubled, according to the state news agency IRNA
Iran to boost its reserves
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