Iran

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Mahmoud Bahmani is the current Governor of the Central Bank of Iran.^[1][2][3]

Contents 1 Career 2 See also 3 References 4 External links

[edit] Career

President Mahmoud Ahmadinejad appointed Bahmani to this position in September 2008 after Ahmadinejad dismissed then-Governor Tahmasb Mazaheri.^[1] Mazaheri had only served in his office for about the past 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 the accelerating inflation rate. Tension existed 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 poor and 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 very different estimates of inflation than Ahmadinejad, with the former giving 14 percent and the latter 25.4 percent from 2007-2008. After the numbers 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]

[edit] See also

• Domestic policy of Mahmoud Ahmadinejad
• Economy of Iran

[edit] References

[edit] External links

• Central Bank of Iran (in English)

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