CBI governor:

Iran banking system remained stable despite cyberattack

Central Bank of Iran (CBI) Governor Mohammad Reza Farzin said the country's banking network remained stable despite intensified cyberattacks during the recent 12-day conflict triggered by Israeli and US aggression.

News ID: ۲۰۰۱۴۹۰

25 June 2025

Speaking in a televised interview on Tuesday, Farzin congratulated the Iranian people, the armed forces, and the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on the victory gained over Israel and the United States, Tehran Times reported.

He thanked banking sector employees for maintaining the continuity of financial operations during the crisis.

Farzin emphasized that Iran has been engaged in an economic war for years, marked by international sanctions and persistent psychological warfare aimed at undermining the country’s economy. “The recent physical assault by the U.S. and the Zionist regime added a new layer to this ongoing economic war,” he said.

He noted that Iran's banking system has long endured sanctions and cyberattacks, calling the recent developments a continuation of the same economic battle, now combined with a military dimension and intensified psychological pressure.

“The enemy sought to induce fear and shift consumer behavior by creating negative expectations,” Farzin said. “But these efforts failed.”

According to the CBI chief, the number of banking transactions processed through the SHAPARAK network rose from 1.352 billion before the conflict to 1.429 billion during the 12-day period. The total value of transactions also climbed from 4,340 trillion tomans to 4,440 trillion tomans (approximately $86.8 billion to $88.8 billion based on an exchange rate of 50,000 tomans per dollar)./mehr