Mohsen Nourbakhsh Explained

Seyed Mohsen Nourbakhsh
Office1:Governor of the Central Bank of Iran
Term Start1:1994
Term End1:23 March 2003
Appointer1:Mohammad Khatami
Akbar Hashemi Rafsanjani
Deputy1:Mohammad-Javad Vahaji
Predecessor1:Mohammad Hossein Adeli
Successor1:Ebrahim Sheibani
Term Start2:1981
Term End2:1986
Appointer2:Mir-Hossein Mousavi
Predecessor2:Alireza Nobari
Successor2:Majid Ghassemi
Office3:Vice President of Iran for Economic Affairs
Term Start3:12 August 1993
Term End3:14 September 1994
President3:Akbar Hashemi Rafsanjani
Office4:Minister of Economy and Financial Affairs
Term Start4:1989
Term End4:1993
President4:Akbar Hashemi Rafsanjani
Predecessor4:Mohammad-Javad Irvani
Successor4:Morteza Mohammadkhan
Birth Date:18 May 1948
Birth Place:isfahan, Iran
Death Place:Noshahr, Iran
Party:Executives of Construction Party

Seyed Mohsen Nourbakhsh (Persian: سید محسن نوربخش; 18 May 1948 – 23 March 2003) was an Iranian economist, most known as governor of the Central Bank of Iran and the former minister of finance of Iran.[1] Nourbakhsh had pro-market views.[2]

Personal life and education

Born in isfahan, Nourbakhsh received a bachelor's degree from the University of Tehran in economics, and a Master of Arts and PhD from the University of California at Davis in econometrics.[1] [3]

Career

Shortly after the Iranian Revolution, Nourbakhsh's nomination for finance minister was rejected by the president Abolhassan Banisadr. Nourbakhsh was then named deputy finance minister and held that office until 1981.

In 1988, Nourbakhsh became a member of the Majlis and a representative for Tehran. Next he was nominated for the economy and finance minister to the government of the then-president Akbar Hashemi Rafsanjani in 1989.[4] He was approved by the Majlis with 195 for and 43 against votes.[4] In the Summer of 1993, he was forced by the Majlis to resign.[5]

Nourbakhsh was then appointed the governor of the Central Bank of Iran by president Akbar Hashemi Rafsanjani in 1994 and he was in office until his death in 2003.[6] In 1999 president Mohammad Khatami reappoints him as the governor. During the first term of president Mohammad Khatami, Hossein Namazi was the minister of economy and finance. There was rivalry between Nourbakhsh and Namazi in regard to the economic policy.[7]

Death

Nourbakhsh died of a heart attack on 23 March 2003. He had had a heart failure since his childhood, and had undergone a heart surgery. Mohammad Khatami, in a condolence message, praised Nourbakhsh as a "very sincere, intelligent and capable serviceman" and described his death as a "great loss."[8]

Mohammad Javad Vahaji, deputy governor, replaced Nourbakhsh and later in the year, Ebrahim Sheibani was his successor as governor.

Notes and References

  1. News: رئيس بانک مرکزی ايران درگذشت. 18 February 2013. BBC. 23 March 2003.
  2. Canada: Immigration and Refugee Board of Canada, Iran: Chronology of Events: June 1989 – July 1994, 1 January 1995, available at: http://www.refworld.org/docid/3ae6a8170.html [accessed 6 May 2016]
  3. Web site: The American Economic Review, Volume 69, Issues 3-5. 1979.
  4. Ehteshami. Anoushiravan. After Khomeini: the Structure of Power in the Iranian Second Repuhlic. Political Studies. 1991. XXXIX. 148–157. 10.1111/j.1467-9248.1991.tb00586.x. 145005463.
  5. Book: Bahman Baktiari. Parliamentary Politics in Revolutionary Iran: The Institutionalization of Factional Politics. 18 February 2013. 1996. University Press of Florida. 978-0-8130-1461-6. 236.
  6. Web site: Governors. Central Bank of Iran. 18 February 2013.
  7. News: Dinmore. Guy. Upturn in Iran may aid Khatami. 21 June 2013. Financial Times. 22 August 2000.
  8. News: Iran's Central Bank Governor Mohsen Nourbakhsh dies of heart attack. 18 February 2013. Payvand. 23 March 2003. Islamic Republic News Agency.