Tehran, Iran
AP
—
Iran appointed a new central bank governor on Wednesday as an economic crisis sparked mass protests following a record currency fall against the U.S. dollar.
President Masoud Pezeshkian’s Cabinet appointed Abdolnasser Hemmati, a former economics minister, as the new governor of the Central Bank of the Islamic Republic of Iran, the official IRNA news agency reported.
Hemmati succeeds Mohammad Reza Farzin, who resigned on Monday, the day after the start of some of the largest protests in the country in three years sparked by the decline of the rial, Iran’s currency, to a record low.
Experts say a 40% inflation rate led to…
