Mahmoud Bahmani

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Mahmoud Bahmani
Governor of Central Bank of Iran
In office
2 September 2008 – 2 September 2013
President Mahmoud Ahmadinejad
Preceded by Tahmasb Mazaheri
Succeeded by Valiollah Seif
Personal details
Born 1947 (age 66–67)
Karaj, Iran
Religion Twelver Shi'a Islam

Mahmoud Bahmani (born 1947 in Karaj) is an Iranian politician and economist. He was the Governor of the Central Bank of Iran.[1][2][3] He was appointed as the Governor of the Central Bank on 2 September 2008. His term as the Governor was ended on 2 September 2013 and he succeeded by Valiollah Seif.

Career[edit]

President Mahmoud Ahmadinejad appointed Bahmani to this position in September 2008 after Ahmadinejad dismissed then-Governor Tahmasb Mazaheri.[1] Mazaheri had only served in his office for about the past year.[3] The changeover took place shortly after a decision by the Central Bank of Iran to raise the interest rate on deposits, which was intended to the accelerating inflation rate. Tension existed between government officials who favored an expansionary monetary policy despite the inflation and bankers who sought to contain it. Gholamreza Mesbahi-Moghadam, a key figure in the Majlis' Economic Commission, opposed Bahmani's appointment and the past dismissal of Mazaheri, saying "[t]he change of the CBI was not desirable and I believe this change should have not taken place".[1]

On 28 February 2009, Bahmani vocally criticized other financial institutions for the large injections into their currency supplies to fight the global economic recession. He said, "the United States of America and some major European countries, they ratified economic stimulus packages and injected thousands of billions of dollars into their economies that would increase inflation in the world in the near future". He also asked the International Monetary Fund and World Bank to give more support to poor and developing countries. In the International Monetary Fund Spring Meeting from April 25–26 in Washington, D.C., Bahmani served as the representative of the group of 24 developing countries, which is known as 'G-24'.[4]

In his term, Bahmani came up with very different estimates of inflation than Ahmadinejad, with the former giving 14 percent and the latter 25.4 percent from 2007-2008. After the numbers became part of the political dispute between Ahmadinejad and his rival Mir Hossein Mousavi in the 2009 Presidential election, Bahmani threatened to resign if his estimations were disputed.[2]

See also[edit]

References[edit]

  1. ^ a b c "Bahmani takes over as CBI governor". Press TV. 24 September 2008. Retrieved 13 June 2009. 
  2. ^ a b "Pro-reform candidates accuse Ahmadinejad of 'lying'". Washington TV. June 8, 2009. Retrieved June 13, 2009. 
  3. ^ a b "Governors". Central Bank of Iran. Retrieved 13 June 2009. 
  4. ^ "Iran to Counter Economic Crisis". Iran Daily. 28 February 2009. Retrieved 13 June 2009. [dead link]

External links[edit]