Posted on 09/21/2008 5:30:32 AM PDT by nuconvert
Iran replaces governor of central bank: official
Sep 20, 2008
TEHRAN (AFP) - The president of Iran's central bank has been replaced after inflation rose more than 27 percent in the year that he held the office, a senior government official told AFP on Saturday.
Tahmasb Mazaheri has been replaced in the interim by Mahmoud Bahmani, currently general secretary of the bank, pending the nomination of a new governor, said the official who asked to remain anonymous.
"I confirm the news. It will be officially announced tomorrow morning (Sunday)," he added.
Mazaheri, a former minister of economy and finance, was appointed to the central bank post in September 2007. The official gave no explanation for his dismissal.
In recent months, there has been a public struggle between Mazaheri and the ministry of labour over financial policy, particularly regarding bank rates and loans to financial institutions.
About 10 days ago Minister of Labour Mohammad Jahromi said he had written to President Mahmoud Ahmadinejad asking him to settle the matter.
(Excerpt) Read more at news.yahoo.com ...
Nuke program must be really expensive.
There are all sorts of shortages.
“Nuke program must be really expensive.”
It’s not just the nukes program , it’s also the money being sent out of the country to support ‘ventures’ in other countries. (hezbollah, hamas, $$ sent to Africa & S. America, etc, anywhere the regime can gain a foothold and an ally)
I feel bad for all those people trapped inside Iran, enduring the regime they have no love for.
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