Iran appoints new central bank chief


Dubai (Reuters) – Iran on Thursday appointed Mohammad Reza Farzin as head of the central bank, state news agency IRNA said.

Farzin has been the CEO of Bank Melli Iran since last year. He was also chairman of the board of Karafarin Bank before that, IRNA added.

During the cabinet meeting at which Farzin was appointed, Iran’s president stressed the importance of controlling the value of foreign currencies, according to IRNA.

Iran’s rial has fallen to record lows, losing around a quarter of its value against the dollar since a wave of protests against the country’s clerical leadership began in mid-September, fuelling inflation of around 50%.

Share post:



For Kuwait’s new emir, Saudi ties are seen as key

Kuwait (Reuters) - Sheikh Meshal al-Ahmad al-Sabah was named...

Pope Francis deplores Israeli killings of civilians at Gaza church

Vatican City (Reuters) - Pope Francis on Sunday again...

Palestinians must find new path from Israeli rule after war, top official says

Ramallah (Reuters) - Immediately after Israel's war in Gaza...

Israel says it struck Hezbollah sites after attacks from Lebanon

Jerusalem/Beirut (Reuters) - Israel said on Sunday it had...