Ex-gover­nor of CBI ap­pointed as pres­i­den­tial ad­vi­sor

Tehran Times - - ECONOMY -

TEHRAN — Ira­nian Pres­i­dent Has­san Rouhani ap­pointed the ex-gover­nor of the Cen­tral Bank of Iran (CBI), Vali­ol­lah Seif, as his spe­cial ad­vi­sor for mon­e­tary and bank­ing af­fairs.

De­spite the crit­ics re­peat­edly lashed out at Seif for his poli­cies, in par­tic­u­lar those about for­eign cur­rency mar­ket dur­ing his of­fice at CBI, Rouhani se­lected him as his ad­vi­sor in a de­cree on Thurs­day, Tasnim news agency re­ported.

Re­fer­ring to the proven ca­pa­bil­i­ties of Seif in the mon­e­tary and bank­ing do­mains, Rouhani hoped that he would suc­ceed in this new po­si­tion.

Strug­gling to check a steep de­pre­ci­a­tion of the rial and root out a se­ries of ir­reg­u­lar­i­ties in Iran’s bank­ing sys­tem, Seif was re­placed by Ab­dol­naser Hem­mati fol­low­ing a cab­i­net meet­ing on July 25.

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