Bank Watch. Monday's news was taken over by the confusion and apparent crisis at the Central Bank, blamed by many politicians for the Islamic Republic's economic and currency problems.
The conflict escalated on Sunday when Parliament demanded an enquiry into the Bank's operations. Reports circulated that Bank head Mahmoud Bahmani had resigned.
President Ahmadinejad appeared to stem the immediate problem by rejecting Bahmani's resignation, but the Supreme Audit Court then ratcheted up the pressure. The court ruled that the Bank head must be dismissed, as he had violated financial regulations with unauthorised withdrawals from other banks.
EA WorldView - Home - Iran Live Coverage: Crisis at the Central Bank?
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