Speculation on nominee to head Iran's central bank

Iran's new President Mahmoud Ahmadinejad is planning to appoint his close confidante Ali Saeedlou as director of the country's central bank, Iran Focus reported this week.

Ahmadinejad nominated Saeedlou, 41, as his oil minister, but he failed to win enough ballots during the confirmation vote in Iran's Majlis (Parliament).

Saeedlou is a member of the ultra-conservative Abadgaran faction and was deputy mayor of Tehran for finance and administration.

To become head of the central bank, Saeedlou mu