Iran Tabs New Heads of Key Economic Agencies Amid Struggling Economy

Rohani had come under increasing pressure from hardliners to reshuffle his economic team

The dismissed Iranian governor of the central bank, Valiollah Seif in Tehran, August 2017.
Vahid Salemi/AP

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. 

Abdul Nasser Hemmati was appointed to replace Valiollah Seif as governor of the central bank, according to the IRIB news agency. The agency gave no explanation for why Seif was dismissed. 

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

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

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

Tayebnia served as Minister of Economic Affairs and Finance during President Hassan Rohani's first term. 

Rohani had come under increasing pressure from hardliners to reshuffle his economic team, and senior government officials had suggested a shakeup was imminent. 

Ordinary Iranians have also criticized the government on social media, emphasizing the difficulties they face in making ends meet.