New Central Bank of Iran governor appointed

The Central Bank of Iran
The Central Bank of Iran
Ensie & Matthias/Flickr

Iran’s council of ministers has appointed a new governor to the Central Bank of Iran (CBI), opting not to renew the term of incumbent Valiollah Seif.

Ministers chose Abdolnaser Hemmati, formerly head of Iran’s insurance regulator, as the new central bank chief, according to a report by the state-owned Islamic Republic News Agency.

Hemmati was formerly a managing director at Iran’s Bank Melli, and he retains a position as associate professor at the University of Tehran.

The IRNA report quoted

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