NO. 51


Financial and Banking News

Financial Policy

Nourbakhsh Replaces Adeli As Iranian Central Bank Governor

The decision to appoint Mr. Mohsen Nourbakhsh as Governor of the Central Bankof Iran, replacing Dr. Mohammad Hossein Adeli, indicates that no change isplanned in the government's economic and financial policy. Mr. Nourbakhsh wasMinister of Finance from 1989 until August 1993, when his nomination for afurther term was rejected by the Majlis (Iranian Parliament)....