Iran central bank governor resigns amid currency crisis
The Islamic Repubic named a new governor for its central bank and arrested currency brokers, as the rial nosedived to the lowest rates ever recorded.
The Iranian government named a new governor for the country's central bank, and arrested 96 currency brokers in an attempt to halt unprecedented plummeting of the national currency.
Following a cabinet meeting in Tehran on Thursday, Mohammad-Reza Farzin replaced former central bank governor Ali Saleh-Abadi, who resigned from his post following weeks of pressure.
