Davoud Danesh-Jafari was the Minister of Economy and Finance Affairs of Iran.

Born in 1954 in Tehran, Danesh-Jafari graduated with Bachelor's Degree from the Kashmir University^[1], India in Civil Engineering. He is an alumnus of National Institute of Technology Srinagar in Srinagar, India. In 1992 he graduated a Master's Degree in Economics, and in 2001 he obtained a PhD from Allameh Tabatabaii University, Iran. He is an expert on Tehran Developments for the Government of Iran. Davoud Jafari was a Member of Parliament in the 5th term and was an MP in the 7th term.

Since 2006, he has been involved in plans to create the Iranian Oil Bourse, a commodity exchange for oil and oil byproducts, which would trade mostly in the Iranian currency and other major currencies^[2] In December 2006, he was reported as saying that he intended to reduce US dollar based transactions as much as possible.^[3]

In January 2008, he announced that the Iranian Oil Bourse would be opened during the anniversary of the Islamic Revolution (February 1-11) a month later.^[4] Oil Minister Gholam Hossein Nozari later announced that Davoud Danesh-Jafari would become its head.^[5] The Oil Bourse opened on February 17, 2008 on Kish Island.^{[6] [7] [8] [9]}

Preceded by Safdar Hosseini

Minister of Economy and Finance Affairs of Iran 2005-April 2008

Succeeded by Hossein Samsami

[edit] References

1. ^ Ministry of Economic and Finance Affairs: Davoud Danesh Jafari
2. ^ Ministry to offer IOB Articles of Association in two months, May 19, 2006, Mehr News Agency
3. ^ Iran May Reduce Use of Dollar, Tehran Papers Say, December 6, 2006, Bloomberg
4. ^ Iran Oil Bourse to deal blow to dollar
5. ^ "Iran to launch oil and gas exchange Feb. 27". RIA Novosti. 2008-02-13. http://en.rian.ru/world/20080213/99134070.html. Retrieved 2008-02-19. 
6. ^ 1st phase of Iran oil stock inaugurated on Kish Island, IRNA Reports, Feb. 17, 2008
7. ^ Oil bourse opens in Iran's Kish Island Retrieved 17 February 2008
8. ^ Iran Oil Bourse may use Russian ruble , Press TV Reports, Feb. 15, 2008
9. ^ "Kish Stock Exchange Director: There are no limitations on transactions by foreigners at the Oil Bourse". Kish Free Zone Organization. 2008-02-18. http://www.kish.ir/DesktopModules/News/NewsView.aspx?TabID=0&Site=DouranPortal&Lang=en-US&ItemID=2465&mid=13947. Retrieved 2008-02-19. 

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