BUSINESS
11/26/2011 06:34 EST | Updated 01/26/2012 05:12 EST

Afghan parliament approves appointment of new central bank governor

KABUL - Afghanistan's parliament has approved the appointment of a U.S.-educated banker as the new governor of the country's troubled central bank.

With a vote of 173 in favour, the 249-member body voted Saturday to approve Noorullah Delawari's nomination. The body has also approved the appointment of the head of the country's national intelligence service.

President Hamid Karzai nominated Delawari to the post on Thursday. Delawari is a former central bank governor who now sits on the institution's governing board.

His first priority will be to deal with the aftermath of a mismanagement scandal at Kabul Bank, once Afghanistan's largest private financial institution.