Hassan Rouhani appoints new economy minister in reshuffle

DUBAI: Iranian President Hassan Rouhani appointed educational Farhad Dejpasand as the new financial system and finance minister in a cupboard reshuffle on Sunday, state television reported.

The proposed cabinet adjustments come as the federal government faces intense drive over the commercial instability most commonly brought about via US sanctions. The financial system has markedly deteriorated in the past year, struggling rising inflation and unemployment, a droop within the rial foreign money and state corruption.

Rouhani additionally appointed a brand new urban development and roads minister, an industry, mines, and trade minister, and a brand new labour minister.

Mohammad Shariatmadari, the outgoing industries minister, has been nominated to go the Labour, Cooperatives and Social Affairs Ministry.

Mohammad Eslami was named to go the Urban Development and Roads Ministry, and Reza Rahmani, who has earlier headed the parliament’s commission on mining and industry, was named as the new industry, mines, and trade minister.

Dejpasand, the proposed financial system minister, has additionally labored as deputy head of the state Plan and Budget Organization, amongst other postings.

Washington reintroduced sanctions against Iran’s foreign money trade, metals and auto sectors in August after the U.S. withdrawal from a multinational 2015 deal that lifted sanctions in return for limits on Iran’s nuclear program. U.S. curbs on Iran’s essential oil exports are set to come back into drive in November.

Earlier this year, anger over the federal government’s handling of the financial system erupted into public protests throughout Iran. Some became violent and no less than 25 other people were killed. Hundreds were arrested however officers say most have been released.

The International Monetary Fund predicts that Iran’s financial system would shrink 1.five % this year following the reimposition of U.S. sanctions with a drop of three.6 % observed in 2019, sooner than getting better slowly.

State media mentioned parliament was anticipated to discuss the nominations and vote on the new proposed ministers on Saturday.
Hassan Rouhani appoints new economy minister in reshuffle Hassan Rouhani appoints new economy minister in reshuffle Reviewed by Kailash on October 21, 2018 Rating: 5
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