Abdolnasser Hemmati Returns as Iran’s Central Bank Governor

Iranian President Masoud Pezeshkian has officially reappointed Abdolnasser Hemmati as the Governor of the Central Bank of Iran.

The announcement, confirmed on Tuesday, December 30, 2025, marks a significant leadership shift as the nation grapples with intense financial instability.

The presidential office verified the appointment through social media. According to the statement, the move aims to bring experienced leadership back to the country’s primary financial institution during a time of crisis.

Experienced Leadership for a Volatile Economy

This appointment marks Hemmati’s second tenure in this vital role. He previously served as Governor from July 2018 to August 2021. During his initial term, he managed the economy through several high-stakes hurdles:

• International Sanctions: He navigated the banking sector through restrictive U.S. measures.
• Currency Devaluation: He led efforts to preserve the value of the Iranian Rial.
• Monetary Stability: Hemmati directed fiscal policy during periods of extreme market volatility.

His return follows the departure of outgoing governor Mohamed Reza Farzin. Farzin’s exit was preceded by weeks of conflicting reports regarding his potential resignation.

Urgent Challenges: Currency and Public Unrest

Hemmati faces a difficult path forward. His primary responsibility will be crafting a monetary policy that addresses the rising cost of living and high inflation currently straining Iranian households.

Key issues facing the new Governor include:

• Plunging Currency: The Rial continues to face severe downward pressure in global markets.
• Capital Protests: Economic frustrations have recently led to public demonstrations in the capital city, Tehran.
• Household Costs: The soaring price of essential goods remains a critical concern for the Pezeshkian administration.

Looking Ahead

By selecting a familiar face, President Pezeshkian is signaling a desire for market stability. Hemmati’s immediate priority will likely involve curbing the currency’s slide to restore public and investor confidence.

International observers are now watching closely. Many wonder if his return will trigger a shift in Iran’s approach to its ongoing global financial isolation.

READ MORE: Tax Law Crisis: Minority Caucus and NANS Call for Immediate Halt