President Shares Concerns with Central Bank Governor

Iranian President Mahmoud Ahmadinejad has called on his newly-appointed central bank governor to pay maximum care and attention to 8 crucial issues. In his decree to appoint Tahmasb Mazaheri to the post, Ahmadinejad has called on the new CBI governor to work with faithful, efficient, innovative and committed colleagues, do precise planning to facilitate the country’s banking and monetary system, extract precise statistical figures and macro-scale economic indices, practice the country’s monetary policies, supervise banks operations and performance, strive to promote and institutionalize Islamic (usury-free) bank loans, support productive investment and exports and protect Iran’s interests and banking system in the international arena.

The president replaced the former governor of the Central Bank of the Islamic Republic of Iran, Ibrahim Sheybani with Tahmasb Mazaheri last Wednesday.

According to earlier reports, Mazaheri , a former economy minister under reformist president Khatami who chaired the Exports Development Bank before moving to the CBI, was President Ahmadinejad’s first choice for the job as his plans and programs had pleased the president.

Sheybani’s change is viewed as a part of large-scale changes in the banking system of the country, which has long been sought by the president.

His replacement could also be viewed as a part of a recent cabinet reshuffling which has also resulted in the change of oil and industries minister.

Earlier reports also said that Sheybani’s next post will be representing Iran in the World Bank (WB).

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