Iran Lawmakers Want Central Banker Fired Amid Currency Chaos
- Rial has weakened to record lows on the informal market
- Political feuding, doubts over nuclear deal weigh on economy
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Half of Iran’s lawmakers have written to President Hassan Rouhani demanding the removal of the central bank chief, accusing him of mismanaging the banking industry and currency markets as the rial weakened to a record low.
Iran has witnessed “instability in the management of banks and credit institutions” under Governor Valiollah Seif, state-run Tasnim news agency quoted Javad Abtahi, one of 160 legislators to sign the letter, as saying. The governor has “repeatedly said that the situation in the currency market is under control but each time we’re seeing the opposite.”