Jul 25

Jul 25 Iran Replaces Central Bank Chief as Economy Faces Crisis

◢ Iran replaced its central bank chief on Wednesday, local media reported, amid fallout over banking scandals and the crisis facing the country's economy. Valiollah Seif, who had served as the bank's governor since President Hassan Rouhani took power in August 2013, was replaced by Abdolnasser Hemati following a cabinet meeting, according to the official IRNA news agency.

May 15

May 15 US Hits Iran Central Bank Governor with Sanctions

AFP

News

◢ The United States slapped sanctions Tuesday on Valiollah Seif, the governor of the Central Bank of Iran, accusing him of helping the country's Revolutionary Guard Corps transfer millions of dollars to Lebanon's Hezbollah.

Apr 10

Apr 10 Iranians Flock to Empty Exchangers After Currency Fix

AFP

News

◢ Confused and frustrated Iranians flocked to exchange offices on Tuesday after the government fixed a new rate for the dollar, only to find there were none to buy. Some predict the exchangers will find ways to fiddle the system to get round the new fixed rate, even though Vice-President Eshagh Jahangiri warned this would be considered smuggling.