Iran's policy wars: Jahromi outplays Mazaheri

Bank Markazi (Central Bank of Iran) governor Tahmasb Mazaheri has been replaced, at least on a temporary basis, by the bank's general secretary Mahmoud Bahmani, who is generally regarded as more malleable. Mazaheri had been increasingly isolated in his resistance to the president's high-spending populism since the departure, earlier this year, of Economics Minister Davoud Danesh Jaafari.