Durmuş Yılmaz Explained

Durmuş Yılmaz
Office:Speaker of the Grand National Assembly
Term Start:7 July 2018
Term End:12 July 2018
President:Recep Tayyip Erdoğan
Predecessor:İsmail Kahraman
Successor:Binali Yıldırım
Term Start1:8 July 2018
Term End1:3 June 2023
Constituency1:Ankara (III) (2018)
Term Start2:7 June 2015
Term End2:1 November 2015
Constituency2:Uşak (June 2015)
Office3:Governor of the Central Bank of Turkey
Term Start3:18 April 2006
Term End3:18 April 2011
Predecessor3:Süreyya Serdengeçti
Successor3:Erdem Başçı
Birth Place:Uşak, Turkey
Alma Mater:Cass Business School, University College London
Occupation:Civil servant
Profession:Economist
Nationality: Turkey
Party:Nationalist Movement Party (MHP)
Good Party (İYİ)

Durmuş Yılmaz is a Turkish economist, politician and was the Governor of the Central Bank of the Republic of Turkey between 2006 and 2011.

Biography

Born in the western Anatolian city of Uşak in 1947, Yılmaz obtained a B.A. degree in economics at City University London and received his M.A. degree from the University College London.[1]

Yılmaz joined the Central Bank of Turkey 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. 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.

Political career

Yılmaz was elected to parliament representing Uşak in the June 2015 general election, as a politician from the Nationalist Movement Party. He lost his seat in the November snap election.[2] After his loss Yılmaz helped found the Good Party and was elected to Ankara's third electoral district in the 2018 elections.[3] [4]

External links

Notes and References

  1. Web site: Durmuş Yılmaz, Governor. Central Bank of Turkey. 3 April 2013. dead. https://web.archive.org/web/20120508172156/http://www.tcmb.gov.tr/yeni/banka/cveng-DurmusYilmaz.htm. 8 May 2012.
  2. Web site: Meclis'e 134 yeni milletvekili girdi. 2022-01-16. www.milliyet.com.tr/. TR.
  3. Web site: Meral Akşener'in A takımı belli oldu... İki sürpriz isim dikkat çekti. 2023-04-10. hurriyet.com.tr. TR.
  4. Web site: Ankara Seçim Sonuçları. 2023-04-10. yenisafak.com. TR.