Iran central bank denies governor change as forex prices keep rising
The Central Bank of Iran (CBI) has dismissed rumors about an imminent change in the bank’s leadership by saying that Ali Salehabadi will stay in his job as CBI governor despite rising prices in the country’s foreign currency market.
A Thursday statement by the CBI said Salehabadi still has the full confidence of the CBI’s general assembly and members of the Iranian Cabinet who have the power to dismiss him.
The statement criticized as “unprofessional” a Monday report by Ham-Mihan newspaper which claimed that Salehabadi had cancelled his meetings in CBI headquarters for the previous three days.
The report cited Salehabadi’s failure to control rising foreign currency prices and an increasing liquidity that has exacerbated inflation as reasons for his potential removal from the top banking job in Iran.
The CBI statement, however, dismissed the claims and said that Salehabadi had had a busy weekend and had attended numerous meetings in the bank and in other government departments.
The statement comes as foreign currency prices have risen by more than a fifth in less than a month in Iran. The US dollar rose to nearly 385,000 against the Iranian rial on Thursday, up from 320,000 reported a month ago.
The CBI and the government have in the past blamed foreign sanctions and speculative trade for the rise in currency rates.
Salehabadi on Wednesday named a new deputy CBI governor for foreign exchange and appointed the former holder of the post as his advisor.
Raeisi attends inauguration of Iran-built mega multipurpose project in Sri Lanka
Iran releases details of confiscated Israeli transit cargo
Opportunities of 25-year partnership for Iran and China
Columbia, Yale students bent on ending US support for Israeli genocide
VIDEO | Genocide in Gaza
Iran calls on BRICS to play role in stopping Israeli crimes
President Raeisi’s historic visit opens new chapter in Iran-Pakistan ties
Russia: Poland’s talks on hosting US nuclear weapons ‘dangerous’
India’s home minister vows to end Muslim reservation if his party wins
UN expert calls for arms, oil embargo against Israel
VIDEO | New World Order
This makes it easy to access the Press TV website
