According to the Governor of the Central Bank of Iran (CBI), the country now ranks among the top five central banks in the world for gold purchases. In a televised interview aired on December 17, Mohammadreza Farzin addressed recent online rumors regarding the status of Iran’s gold reserves, backing his statement with official statistics.
Farzin stated that 20% of Iran’s foreign exchange reserves have been converted into gold and are currently held in the Central Bank’s treasury. He emphasized that these conversions are part of a broader strategy to diversify reserves, especially under economic sanctions where gold’s high liquidity makes it a strategic asset.
Responding to a widely circulated social media rumor suggesting that part of the country’s gold reserves had gone missing, Farzin dismissed the claim as baseless. “Sometimes the truth is not told clearly enough, giving space for misinformation to spread. Our adversaries aim to disrupt the market by turning rumors into perceived reality,” he said.
He added that Iran’s gold reserves, built through both domestic and international purchases, represent one of the highest ratios of gold to total reserves among central banks globally. This approach, he explained, strengthens Iran’s economic resilience and helps ensure stability in times of external pressure.
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