Backlash Against Banker Pay Puts Iran’s Rouhani on Defensive

Updated on
  • Entire managerial board of wealth fund resigns over payslips
  • Economic affairs ministry caps monthly salaries at $6,250

Iranian President Hassan Rouhani said salaries that were paid to heads of state-run banking and financial institutions were unfair, seeking to contain public anger that put his administration on the defensive as he prepares to stand for re-election next year.

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