Iran’s central bank chief dismissed after presidential bid

Iran’s central bank chief dismissed after presidential bid

Abdolnaser Hemmati, the governor of the Central Bank of Iran, has been dismissed from his post while he runs in the country's presidential election, the semi-official Fars and Tasnim news agencies reported on Sunday.

According to Fars, Mr Hemmati told listeners on the social media application Clubhouse on Saturday night that President Hassan Rouhani had concerns about the impact of his election campaign on financial markets and raised the possibility of replacing him.

Mr Rouhani "told me that if you stand in the election, you cannot remain the central bank chief because it affects monetary and exchange rate policies", Mr Hemmati reportedly said.