Governor of the Central Bank of Iran

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Governor of Central Bank of Iran
Incumbent
Mohammad-Reza Farzin
since 29 December 2022
Member ofCabinet of Iran
SeatBank Markazi Tower
NominatorMinister of Economic Affairs
AppointerPresident of Iran
Term lengthNo fixed term
Formation1960; 64 years ago (1960)

Governor of the Central Bank of Iran (Persian: رئیس کل بانک مرکزی ایران) is the highest administrative authority of the Central Bank of Iran, making decisions concerning all such current affairs of the bank.[1]

Presently, the President appoints the governor upon the recommendation of the Minister of Economic Affairs and Finance,[2] who must be verified by the CBI's general assembly.[3]

Unlike many countries, the governor of central bank is not mandated to decide on the monetary policy in Iran by himself, but he is head of the body with that responsibility, The Currency and Credit Council, an organ within the central bank but controlled by the government.[4] The governor is assisted by an executive board comprising, in addition to himself as the chairman, the deputy governor, vice-governors, and the secretary-general of the Currency and Credit Council.[2]

The law specifies no fixed term for the governor,[3] however the officeholder is appointed for five years.[2]

List[edit]

The governors of Central Bank of Iran are as follows:[5]

No. Name Term in office Appointer
Assumed Left
1 Ebrahim Kashani 1960 1961 Manouchehr Eghbal
2 Ali-Asghar Pourhomayoun 1961 1964 Ali Amini
3 Mahdi Samii 1964 1969 Hassan-Ali Mansur
4 Khodadad Farmanfarmaian 1969 1970 Amir-Abbas Hoveyda
(3) Mahdi Samii 1970 1971
5 Abdol-Ali Jahanshahi 1971 1973
6 Mohammad Yeganeh 1973 1975
7 Hassan Ali Mehran 1975 1978
8 Yousef Khoshkish 1978 1979 Jamshid Amouzegar
9 Mohammad-Ali Molavi 1979 Mehdi Bazargan
10 Alireza Nobari 1979 1981 Abolhassan Banisadr
11 Mohsen Nourbakhsh 1981 1986 Mir-Hossein Mousavi
12 Majid Ghassemi 1986 1989
13 Mohammad Hossein Adeli 1989 1994 Akbar Hashemi Rafsanjani
(11) Mohsen Nourbakhsh 1994 2003
Mohammad Khatami
– Mohammad-Javad Vahaji (acting) 2003
14 Ebrahim Sheibani 2003 2007
15 Tahmasb Mazaheri 2007 2008 Mahmoud Ahmadinejad
16 Mahmoud Bahmani 2008 2013
17 Valiollah Seif 2013 2018 Hassan Rouhani
18 Abdonnaser Hemmati 2018 2021
19 Akbar Komijani 2021 2021
20 Ali Salehabadi 2021 2022 Ebrahim Raisi
21 Mohammad-Reza Farzin 2022 incumbent

References[edit]

Wikimedia Commons has media related to Governors of the Central Bank of Iran.
  1. ^ CENTO Symposium on Central Banking, Monetary Policy and Economic Development: Proceedings. Office of U.S. Economic Coordinator for CENTO Affairs, Central Treaty Organization. 1972. p. 58.
  2. ^ a b c Yeganeh, M. (December 15, 1988), BANK-E MARKAZI-E IRAN, vol. III/7, Encyclopædia Iranica, pp. 696–698
  3. ^ a b "CBI Governance Structure Discussed". Financial Tribune. 2014-10-19. Retrieved 2018-08-16.
  4. ^ Mirmohammadi, Morteza. "Let It Rule: Imperatives for Central Bank of Iran". Bourse & Bazaar. Retrieved 2018-08-16.
  5. ^ "Governors". Cbi.ir. 2011-09-19. Retrieved 2012-01-09.
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