Durmuş Yılmaz is a Turkish

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

and was the Governor of the Central Bank of the Republic of Turkey between 2006 and 2011. He served as a

Member of Parliament A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members o ...

for the electoral district of

Uşak Uşak (; el, Ουσάκειον, Ousakeion) is a city in the interior part of the Aegean Region of Turkey. The city has a population of 500,000 (2016 census) and is the capital of Uşak Province. Uşak city is situated at a distance of from İz ...

since the June 2015 general election, as a politician from the

Nationalist Movement Party The Nationalist Movement Party (alternatively translated as Nationalist Action Party; tr, Milliyetçi Hareket Partisi, MHP) is a Turkish far-right and ultranationalist political party. The group is often described as neo-fascist, and has bee ...

(Turkish: Milliyetçi Hareket Partisi, MHP). He currently is the vice chairman specializing in economics of the newly-founded secular centrist

Good Party The Good Party ( Turkish: ''İyi Parti'') is a nationalist, national conservative, Kemalist, and liberal democrat political party in Turkey, established on 25 October 2017 by its current leader Meral Akşener. Their fraternal party is the liber ...

Biography

Born in the western

Anatolia Anatolia, tr, Anadolu Yarımadası), and the Anatolian plateau, also known as Asia Minor, is a large peninsula in Western Asia and the westernmost protrusion of the Asian continent. It constitutes the major part of modern-day Turkey. The ...

n city of

in 1947, Yılmaz obtained a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

degree in economics at

City University London City, University of London, is a public research university in London, United Kingdom, and a member institution of the federal University of London. It was founded in 1894 as the Northampton Institute, and became a university when The City Univ ...

and received his

M.A. A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...

degree from the

University College London , mottoeng = Let all come who by merit deserve the most reward , established = , type = Public research university , endowment = £143 million (2020) , budget = ...

. Yılmaz joined the Central Bank of

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...

in 1980 and started to work in the Foreign Debt Rescheduling Division. Then he served in the area of Exchange Rates and Reserve Management. He was promoted to the post of Deputy Director of Foreign Exchange Transactions Division in 1993, Director of Interbank Money Market Division in 1995, and Director of Balance of Payments Division in 1996. Yılmaz became Deputy Executive Director at Markets Department in 1996 and was responsible for the Foreign Exchange Risk Management, Credits, Foreign Exchange and FX Banknotes Markets and Open Market Operations. He was appointed Executive Director of the Workers’ Remittances (Non-Resident FX Deposits) Department in 2002. Yılmaz became a Member of the Board on May 1, 2003, and re-elected to this position by April 2006. Durmuş Yılmaz was appointed Governor of the Central Bank of the Republic of Turkey on April 18, 2006 following the approval of President

Ahmet Necdet Sezer Ahmet Necdet Sezer (; born 13 September 1941) is a Turkish statesman and judge who served as the tenth president of Turkey from 2000 to 2007. Previously he was president of the Constitutional Court of Turkey from 1998 to 2002. The Grand Nationa ...

. One month before, Sezer rejected the government's first candidate for the post, Adnan Buyukdeniz, chief executive of AlBaraka Turk, an interest-free financial institution founded with Arab capital. The post of governorship was held by Erdem Başçı, an interim governor since March 14, 2006 when the widely respected Süreyya Serdengeçti retired at the end of a five-year term that saw chronic inflation drop from double- to single-digit figures for the first time in three decades under a tight program backed by the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

External links

Newspaper ''Dünya''

References

{{DEFAULTSORT:Yilmaz, Durmus 1947 births Living people Turkish economists Turkish civil servants Governors of the Central Bank of Turkey Alumni of University College London Alumni of Bayes Business School People from Uşak Members of the 25th Parliament of Turkey Good Party politicians