Iranian President Masoud Pezeshkian has reappointed Abdolnasser Hemmati as Governor of the Central Bank of Iran, returning a familiar figure to the helm of the country’s monetary authority at a time of renewed economic strain.
The decision was confirmed in a statement published on X by the deputy for communications and information at the presidential office, who said the appointment was made directly by the president. The announcement follows recent speculation over the leadership of the central bank and official denials that the outgoing governor, Mohammad Reza Farzin, had resigned.
Hemmati previously served as central bank governor from July 2018 to August 2021, a period marked by severe U.S. sanctions, sharp currency depreciation, and mounting inflationary pressures. His return places him once again at the center of Iran’s efforts to stabilize the rial and manage monetary policy amid ongoing economic challenges.
The role of central bank governor is widely viewed as one of the most demanding positions in Iran’s economic system, particularly as households continue to face rising living costs and persistent volatility in exchange rates. Recent currency pressures have also fueled public frustration, with sporadic protests reported in Tehran over economic conditions.
Hemmati’s reappointment signals a preference for experience as the administration confronts mounting financial headwinds and seeks to restore confidence in monetary management.
