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Four heads of Iranian banks fired for high salaries

The chiefs of four banks in Iran were removed after the exorbitant salaries of senior government executives were published anonymously on social media.
A woman waits behind the entrance door of the German branch of the Bank Saderat Iran in the northern German town of Hamburg August 18, 2010. Picture taken August 18, 2010.    REUTERS/Christian Charisius (GERMANY - Tags: BUSINESS) - RTR2HPYU

After widespread outrage that a number of government officials were receiving exorbitant salaries, the heads of four banks in Iran have reportedly been removed.

Quoting an informed source, the Islamic Republic News Agency (IRNA), which is run by President Hassan Rouhani's administration, Minister of Economic Affairs and Finance Ali Tayebnia removed the heads of Bank Mellat, Bank Saderat, Refah Bank and Mehr. According to the source, the head of another bank was also to be removed but the decision has been delayed for “further review.” In Iran, the economics minister is the chairman of the general assembly of government-run banks.

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