Mahmoud_Bahmani

Mahmoud Bahmani

Mahmoud Bahmani

Iranian politician and banker

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

Quick Facts Member of the Parliament of Iran, Preceded by ...

Career

President Mahmoud Ahmadinejad appointed Bahmani to this position in September 2008 after dismissing then-Governor Tahmasb Mazaheri.[citation needed] Mazaheri had served in his office for about one year.[2] 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.[citation needed]

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'.[3]

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 to 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.[1]

See also

References

  1. [1]
    "Pro-reform candidates accuse Ahmadinejad of 'lying'". Washington TV. June 8, 2009. Retrieved June 13, 2009.
  2. [2]
    "Governors". Central Bank of Iran. Retrieved 13 June 2009.
  3. [3]
    "Iran to Counter Economic Crisis". Iran Daily. 28 February 2009. Retrieved 13 June 2009. [dead link]
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