Iran replaces central bank governor amid currency drop

TEHRAN, Dec. 29 (Xinhua) -- The Iranian government on Thursday appointed Mohammad Reza Farzin as the new governor of the Central Bank of Iran to replace Ali Salehabadi, whose resignation was accepted by the cabinet.

The move was widely seen as Iran's latest effort to contain the accelerated fall of its currency's value against major foreign currencies in the past weeks. The U.S. dollar was sold for 430,000 Irani