Skip to main content

Iran top Central Bank official removed as unrest triggers currency crash

The dismissal of Iran's foreign exchange head follows the unprecedented depreciation of rial, following three months of anti-government protests.
A protester wearing a face mask holds her fist in the air as demonstrators gather in front of the Brandenburg Gate to march in solidarity with protesters in Iran on October 15, 2022 in Berlin, Germany. (Photo by Omer Messinger/Getty Images)

Afshin Khani, the top foreign exchange official in the Central Bank of Iran, was removed from his post this week, less than one-year into his turbulent tenure. 

Khani has been replaced by Mohammad Aram on Wednesday. He will be inheriting a fragile Iranian forex market, with the national currency, the rial, falling to an all-time low over the past few weeks. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.