Bessent suggests Treasury has asymmetric information that justified joining Japan's market intervention.
“I think that the market should think, well, why would we have joined the Japanese in the intervention at this time? Do we know something the market doesn't know?”
Bessent reports Iranian rial crashed through 2 million to the dollar as central bank cites revenue collapse
“Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar. Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security https://t.co/ZjOczci1Xi”
Bessent recalls warning Iranians to exit rial in March 2025 when it was 887,500 to dollar with 35% inflation
“On March 6, 2025, at the Economic Club of New York, I said that if I were an Iranian, I would get my money out of the rial. At the time, "official inflation" was 35%, the currency had depreciated by 60%, and the exchange rate was 887,500 rials to the U.S. dollar. https://t.co/Ix5hv9ZbFY”
Bessent warns entities facilitating Iranian money laundering will be removed from the US dollar system.
“And let me be clear, any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent warns those who don't meet expectations should expect to leave the dollar system.
“And if people do not want to meet our expectations, then we expect and they should expect that they should will leave the dollar system.”
Bessent threatens to remove from dollar system any entity facilitating Iranian money laundering.
“For example, every branch of bank melee must be shuttered and dark. And let me be clear, any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent warns entities facilitating Iranian money laundering face removal from dollar system.
“any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent announces entities facilitating Iranian money laundering will be removed from dollar system with clock now ticking.
“any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system. The clock just started ticking.”
Bessent warns Iran's enablers cannot access U.S. dollars, says Banque Misr UAE is being held accountable for supporting Iran.
““We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system.”
Bessent warns entities facilitating Iranian money laundering will be removed from the dollar system.
“And let me be clear: any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.”
Bessent threatens to remove entities facilitating Iranian money laundering from the dollar system.
“For example, every Bank Melli branch must be shuttered. And let me be clear: any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.”
Bessent says Trump Account dollars should work toward children's futures, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,””
Bessent says Trump Account dollars should work toward children's financial future, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,” said Treasury Secretary Scott Bessent”
Bessent says Banque Misr UAE processed approximately $1.8 billion for 103 companies potentially part of Iranian shadow banking networks.
“Treasury estimates that between January 2024 and June 2026, Banque Misr UAE processed approximately $1.8 billion for 103 companies that are potentially part of Iranian shadow banking networks.”