Sunday 21 October 2018

Iran's Rouhani appoints new economy minister in reshuffle | Reuters

Iran's Rouhani appoints new economy minister in reshuffle | Reuters:

Iranian President Hassan Rouhani appointed academic Farhad Dejpasand as the new economy and finance minister in a cabinet reshuffle on Sunday, state television reported.

The proposed cabinet changes come as the government faces intense pressure over the economic instability mostly caused by U.S. sanctions. The economy has markedly deteriorated in the past year, suffering rising inflation and unemployment, a slump in the rial currency and state corruption.

Rouhani also appointed a new urban development and roads minister, an industry, mines, and trade minister, and a new labor minister.

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