Mahmoud Bahmani (born 2 January 1947, in
Savojbolagh) is an Iranian politician and banker. He was the
Governor
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
of the
Central Bank of Iran
The Central Bank of Iran (CBI), also known as ''Bank Markazi'', officially the Central Bank of the Islamic Republic of Iran ( fa, بانک مرکزی جمهوری اسلامی ايران, Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: B ...
,
appointed on 2 September 2008. His term as the Governor was ended on 2 September 2013 and he was succeeded by Valiollah Seif
Valiollah Seif ( fa, ولیالله سیف, born 1 January 1952) is an Iranian banker. He was the governor of the Central Bank of Iran from 2013 until 2018.
Early life
Seif was born on 1 January 1952 in Nahavnd. He gained his Bsc. and Msc. fro ...
.
Career
President
President most commonly refers to:
*President (corporate title)
*President (education), a leader of a college or university
*President (government title)
President may also refer to:
Automobiles
* Nissan President, a 1966–2010 Japanese ful ...
Mahmoud Ahmadinejad
Mahmoud Ahmadinejad ( fa, محمود احمدینژاد, Mahmūd Ahmadīnežād ), born Mahmoud Sabbaghian ( fa, محمود صباغیان, Mahmoud Sabbāghyān, 28 October 1956), appointed Bahmani to this position in September 2008 after dismissing then-Governor Tahmasb Mazaheri. Mazaheri had served in his office for about one year.[ The changeover took place shortly after a decision by the ]Central Bank of Iran
The Central Bank of Iran (CBI), also known as ''Bank Markazi'', officially the Central Bank of the Islamic Republic of Iran ( fa, بانک مرکزی جمهوری اسلامی ايران, Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: B ...
to raise the interest rate on deposits, which was intended to 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.
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
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 globa ...
and World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
to give more support to developing countries. In the International Monetary Fund Spring Meeting from April 25–26 in Washington, D.C.
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
, Bahmani served as the representative of the group of 24 developing countries
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreem ...
, which is known as ' G-24'.[ ]
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
''Mir'' (russian: Мир, ; ) was a space station that operated in low Earth orbit from 1986 to 2001, operated by the Soviet Union and later by Russia. ''Mir'' was the first modular space station and was assembled in orbit from 1986 to&n ...
in the 2009 Presidential election, Bahmani threatened to resign if his estimations were disputed.
See also
* Domestic policy of Mahmoud Ahmadinejad
*Economy of Iran
The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally pla ...
References
External links
Central Bank of Iran (in English)
{{DEFAULTSORT:Bahmani, Mahmoud
20th-century Iranian economists
1947 births
Living people
People from Alborz Province
Popular Front of Islamic Revolution Forces politicians
Governors of the Central Bank of Iran
21st-century Iranian economists