Iran’s currency fell 8 per cent on Monday amid confusion over the fate of Iran’s central bank governor.
Iran’s domestic media reported on Monday that the Supreme Audit Court, which oversees government expenditure, had “dismissed” Mahmoud Bahmani for “illegal withdrawal of people’s deposits overnight” about one year ago, a charge the central bank has denied.
Parliamentarians have criticised the central bank governor for his failure to curb the fluctuations of the rial but the president has until now refused to remove Mr Bahmani from his post. The Supreme Audit Court is affiliated to parliament, which is locked in a power struggle against Mahmoud Ahmadi-Nejad ahead of presidential elections in June.
Tussle over Iran central bank governor - FT.com
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