Governor of the Central Bank of Iran explained

Post:Governor
Body:Central Bank of Iran
Insignia:Central Bank of Iran logo.svg
Incumbent:Mohammad-Reza Farzin
Incumbentsince:29 December 2022
Member Of:Cabinet of Iran
Seat:Bank Markazi Tower
Nominator:Minister of Economic Affairs
Appointer:President of Iran
Termlength:No fixed term

Governor of the Central Bank of Iran 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, who must be verified by the CBI's general assembly.[2]

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.[3] 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.

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

List

The governors of Central Bank of Iran are as follows:[4]

NameTerm in officeAppointer
AssumedLeft
1Ebrahim Kashani19601961Manouchehr Eghbal
2Ali-Asghar Pourhomayoun19611964Ali Amini
3Mahdi Samii19641969Hassan-Ali Mansur
4Khodadad Farmanfarmaian19691970Amir-Abbas Hoveyda
(3)Mahdi Samii19701971
5Abdol-Ali Jahanshahi19711973
6Mohammad Yeganeh19731975
7Hassan Ali Mehran19751978
8Yousef Khoshkish19781979Jamshid Amouzegar
9Mohammad-Ali Molavi1979Mehdi Bazargan
10Alireza Nobari19791981Abolhassan Banisadr
11Mohsen Nourbakhsh19811986Mir-Hossein Mousavi
12Majid Ghassemi19861989
13Mohammad Hossein Adeli19891994Akbar Hashemi Rafsanjani
(11)Mohsen Nourbakhsh19942003
Mohammad Khatami
Mohammad-Javad Vahaji (acting)2003
14Ebrahim Sheibani20032007
15Tahmasb Mazaheri20072008Mahmoud Ahmadinejad
16Mahmoud Bahmani20082013
17Valiollah Seif20132018Hassan Rouhani
18Abdonnaser Hemmati20182021
19Akbar Komijani20212021
20Ali Salehabadi20212022 Ebrahim Raisi
21Mohammad-Reza Farzin2022incumbent

Notes and References

  1. Book: CENTO Symposium on Central Banking, Monetary Policy and Economic Development: Proceedings. Office of U.S. Economic Coordinator for CENTO Affairs, Central Treaty Organization. 1972. 58.
  2. News: CBI Governance Structure Discussed. 2014-10-19. Financial Tribune. 2018-08-16. en-US.
  3. News: Let It Rule: Imperatives for Central Bank of Iran. Mirmohammadi. Morteza. Bourse & Bazaar. 2018-08-16. en-US.
  4. Web site: Governors. 2011-09-19. Cbi.ir. 2012-01-09.