BREAKING NEWS

Iran denies central bank resignation rumor

TEHRAN - A senior Central Bank of Iran official has denied rumors that the bank's governor has resigned, the ISNA news agency reported on Saturday, in a week when the currency hit a record low amid rising inflation and concerns about tighter economic sanctions.
"Mr (Mahmoud) Bahmani will remain firmly in his job and whoever has published this false report has made a mistake," ISNA quoted a deputy central bank governor, Ebrahim Darvishi, as saying.
ISNA did not specify where the rumor had been published.
Bahmani has been at odds with President Mahmoud Ahmadinejad over the appropriate policies to control inflation, and has been unable to counter political resistance in order to raise interest rates on bank deposits that were lowered to below-inflation levels in April.
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