Hemmati says he has been ‘agent of change, not blameworthy for status quo’

Hemmati says he has been ‘agent of change, not blameworthy for status quo’

writing on his Instagram page on Friday, Hemmati, who has been at the helm of the Central Bank since August 2018 and who was appointed to that position by incumbent President Hassan Rouhani, said he had been trying to change the economic situation of the country since two and a half years ago.

“Some individuals who themselves are responsible for the status quo say Hemmati’s performance is partially [to blame for] the current situation,” he said. “I have for the past two and a half years been partially responsible for changing the status quo not bringing it about.”

He implied that his monetary policies had saved the Iranian economy.

“If the past monetary and foreign exchange policies had been continued, there would have remained nothing to compete over,” he said, apparently referring to the presidential race.

The Rouhani administration has been the focus of much criticism for high inflation and rampant poverty in the country, even though the United States’ unilateral withdrawal from a nuclear deal with Iran in 2018 and the subsequent imposition of tough economic sanctions on the country were also to blame.

Hemmati is closely associated with President Rouhani’s economic policies both because he was appointed governor of the Central Bank by him and because he was ambassador to China — an important economic partner for Iran — before that appointment.


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