With economy faltering, Iran appoints two new heads of key agencies

Reuters 

(Reuters) - Iran's cabinet appointed new heads at two of the government's top economic institutions, as the country grapples with a faltering economy and a sliding currency that have provoked public protests.

The new appointments suggest Rouhani, who has mostly touted the economic successes of his administration, is acknowledging a need for change to stifle criticism and tamp down ongoing protests.

"The situation today requires that a new force with fresh breath be brought in," Rouhani said, according to the Agency. "I hope that by choosing appropriate tactics and methods, we can witness good developments on monetary, economic and banking issues."

Ordinary Iranians have also been criticising the government on social media, emphasising the difficulties they face in making ends meet.

Rouhani's cabinet appointed to replace Valiollah Seif as of the central The appointment was announced by the agency, which gave no explanation for why Seif was dismissed.

In May, the imposed sanctions on Seif, accusing him of "moving millions of dollars" for Iran's Revolutionary Guards.

Hemmati was formerly the of Melli and Sina Bank, said.

Separately, was appointed of the Management and Planning Organization of Iran, which drafts the country's annual budget, according to the agency.

Tayebnia served as during Rouhani's first term.

(Reporting By Babak Dehghanpisheh; editing by Larry King)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 25 2018. 15:26 IST