Mahmoud Bahmani

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Mahmoud Bahmani
Mahmood Bahmani in tasnim office.jpg
Member of the Parliament of Iran
Assumed office
28 May 2016
Preceded by Mofid Kianinejad
Constituency Savojbolagh
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 (1947-01-02) January 2, 1947 (age 70)
Savojbolagh, Iran
Religion Twelver Shi'a Islam

Mahmoud Bahmani (born 2 January 1947 in Savojbolagh) is an Iranian politician and economist. He was the Governor of the Central Bank of Iran,[1][2][3] appointed 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 dismissing then-Governor Tahmasb Mazaheri.[1] Mazaheri had served in his office for about one 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[clarification needed] the accelerating inflation rate. There was tension 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 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 differing estimates of inflation compared to Ahmadinejad, with the former giving 14 percent and the latter 25.4 percent from 2007-2008. After the figures 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.  External link in |publisher= (help)
  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.  External link in |publisher= (help)[dead link]

External links[edit]