Abdolnaser Hemmati (C), Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran on October 7, 2018. AFP
Abdolnaser Hemmati (C), Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran on October 7, 2018. AFP
Abdolnaser Hemmati (C), Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran on October 7, 2018. AFP
Abdolnaser Hemmati (C), Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran on October 7, 2018. AFP

Iran’s central bank chief dismissed after presidential bid


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Abdolnaser Hemmati, the governor of the Central Bank of Iran, has been dismissed from his post while he runs in the country’s presidential election, the semi-official Fars and Tasnim news agencies reported on Sunday.

According to Fars, Mr Hemmati told listeners on the social media application Clubhouse on Saturday night that President Hassan Rouhani had concerns about the impact of his election campaign on financial markets and raised the possibility of replacing him.

Mr Rouhani "told me that if you stand in the election, you cannot remain the central bank chief because it affects monetary and exchange rate policies", Mr Hemmati reportedly said.

"I told him that I had no problem with his decision," he said.

Iranians are set to elect a successor to Mr Rouhani on June 18 amid widespread discontent over a deep economic and social crisis, and after the violent repression of waves of protests in the winter of 2017-18 and in 2019.

Iran's candidate-vetting Guardian Council last week approved seven mainly ultraconservative candidates to run in the election from a field of about 600 hopefuls.

The council – a conservative-dominated, unelected body – disqualified moderate conservative Ali Larijani and First Vice President Eshaq Jahangiri, as well as firebrand former president Mahmoud Ahmadinejad.

The move appears to have cleared the way for a strong run by the ultraconservative judiciary chief Ebrahim Raisi.

Meanwhile, the deputy chief of the Budget and Planning Organisation, Hamid Pourmohammadi, denied media reports that he had replaced Mr Hemmati as central bank governor, the semi-official Fars news agency reported.

State TV and other state media also denied the reports.

A record 57 per cent of Iranians stayed away from legislative elections in February last year after thousands of candidates, many of them moderates and reformists, were disqualified.

The presidential election comes at a critical time amid talks with world powers aimed at reviving a 2015 nuclear deal that offered sanctions relief in return for Iran's agreement to curtail its nuclear programme.

The accord has been on life support since then-US president Donald Trump unilaterally withdrew from it in 2018 and re-imposed crippling sanctions on Iran.

Iran, which retaliated against the US move by rolling back its nuclear commitments, is seeking the lifting of the sanctions.

Iran is also battling the Middle East's deadliest outbreak of coronavirus, which has killed nearly 80,000 people, according to official figures. The health ministry on Thursday called for people to avoid rallies during the election campaign.

The distance learning plan

Spring break will be from March 8 - 19

Public school pupils will undergo distance learning from March 22 - April 2. School hours will be 8.30am to 1.30pm

Staff will be trained in distance learning programmes from March 15 - 19

Teaching hours will be 8am to 2pm during distance learning

Pupils will return to school for normal lessons from April 5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

Scoreline:

Barcelona 2

Suarez 85', Messi 86'

Atletico Madrid 0

Red card: Diego Costa 28' (Atletico)

'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

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