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Extra: Parliament Ousts Ahmadinejad from Central Bank Board

15 Nov 2010 22:1110 Comments

Fed Chief Threatens to Resign

Tabnak (in Farsi) | Nov 15

AhmjadBank.jpgIn its most recent act, the Majles (parliament) has removed the president from the governing board of the country's Central Bank. During the deliberation for the fifth development plan, [Mohammad Reza] Bahonar, a conservative MP and one of President [Mahmoud] Ahmadinejad's early allies, argued for a Central Bank independent from the government. He was able to introduce a measure that changed the governing body of Iran's Central Bank. The measure was approved and supported by other members, particularly Dr. Ali Larijani, Majles speaker.

Up to now, the governing board of the Central Bank of Iran has included five members: the president, who is also the president of the governing board; the minister of economic and financial affairs; the minister of commerce; the head of the Management and Planning Organization; and another cabinet member approved by the cabinet itself.

According to article 80 of the fifth development plan, this body will include 11 members in the future, each elected not more than once for a period of ten years. The membership excludes the president. According to the new law, seven members must be economists with at least 15 years of experience. They will be nominated by the president, but must be approved by the Majles. The Majles also extended board membership to the head of Iran's Chamber of Commerce and the attorney general. The minister of economic and and financial affairs and the head of the Management and Planning Organization will continue to be members of the governing board.

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O.K. so this wouldn't be "oust," it's simply the president recognizing he is where he shouldn't be, and so instead of quitting, he asks the MPs, off the record, to vote him out.

What was he doing on the board, anyway?

Ekbatana / November 16, 2010 7:37 AM

A couple of questions:

(1) After presiding over the board for five years, how do you explain President Ahmadinejad's sudden "recognition" that he "shouldn't be" there?

(2) Why do you believe he "asked the MPs, off the record" to change the composition of the board? If that was his desire, would he not have looked much stronger calling for and achieving it publicly?

Dan Geist / November 16, 2010 12:14 PM

Ekbatana,"What was he doing on the board, anyway?". Are you serious?

Dan, with the sanctions squeezing Iran's financial resources and with Ahmadinejad's past practice of handing out money for political support, would you have advised him to remain on at the present time?
These people have no solutions. They have destroyed Iran for 31 years and they have only mastered the art of passing the blame onto someone else.

Niloofar / November 17, 2010 5:11 PM

@Dan Geist
In politics, nothing is sudden...they may only seem that way to the outsiders. Iranian system of government is accused of being authoritarian. Whereas, this story makes a subtle case that that isn't the case. And that MPs, elected by the people, exert some control, too.

My whole comment was very tongue-in-cheek.

These are contradictory claims that "They have destroyed Iran for 31 years," and yet, Ahmadinejad hands out money for political support. Mr. Obama and past American presidents handout taxpayer money (in the billions) to Wall Street fat cats through the back door. Which type of donation would you prefer to see?

Ekbatana / November 18, 2010 4:56 AM


Are we talking about Iran or the United States? Two very different countries, economies and standards of living.
Fact: Ahmadinejad's people hand out money for political gains (as in cash in an envelope). You can view it for yourself on You Tube.

There is nothing contradictory about it. Any government can print money and hand it out to the general public. A) The value of that currency will go through the floor. Iranian currency is not worth the paper it is printed on. B) No productivity will arise from such practice except political gains from less privileged religious masses.

Please take a look at the Iranian currency, its market value and read up on comments from the heads of their own very central bank.

Niloofar / November 18, 2010 11:35 PM


There is no question Ahmadinejad has handed out money...that's not the part I have any problem with. The part that is a mystery to me is why everyone posting on blogs views that act in a negative light (i.e. "political gain")?

Do you really think someone who put his life on line for 8 years so that what happened to the Iranians in the city of Khoram-Shahr would never happen again, is someone who would hand out money for political aspirations? Look inward and ask yourself if your conjecture makes any sense? Especially in the Iranian context.

I am just trying to overlay this sheet of mylar that everyone has painted of the man on the actual man himself and his actions throughout his life. And the mylar sheet just doesn't fit the man. It just doesn't.

Ahmadinejad was filmed handing out money to some poor villager. Good heavens!!! What a terrible awful president he must be...He is terrible...someone catch me before I faint!

Ekbatana / November 19, 2010 4:56 AM


I must say you have a beautiful name.

"Ahmadinejad was filmed handing out money to some poor villager. Good heavens!!! What a terrible awful president he must be...He is terrible...someone catch me before I faint!"

Your dramatic statement is fine for Acting 100, but serves no purpose in the field of economy. You need to train yourself to stay focused, rational and within logical guidelines of your topic of discussion.

We are talking about Iran, Iran’s economy and Iran’s leader namely Ahmadinejad who is the man responsible for Iran’s financial affairs. Serving 8 years in Iran-Iraq war has nothing to do with it.

Do you think it is wiser to teach people to fish or hand them a fish once in a while in an attempt to stop them from starvation?

Obviously the former, but it will require equipment, education and investment. Now you have a productive group of people that can feed themselves and even sell their fish to satisfy other needs.

However, when one sets aside a hefty budget for handout against the recommendations of his own very Central Bank scattering worthless currency which increases the already double digit inflation with zero contribution to the uplift of economy then the only logical deduction is “Political gains” prior to a “rigged election.”

Keep in mind that I have not even mentioned his government's other attributes namely murder in streets on camera and before the world, torture of prisoners, rape of prisoners and imprisonment of thousands of innocent people whose only fault is a strong desire to be free. All under his watch as the president of the BARBARIC Republic.

I wish you the best in life.

Niloofar / November 20, 2010 12:08 AM

@ Niloofar

You mentioned "....There is nothing contradictory about it. Any government can print money and hand it out to the general public. A) The value of that currency will go through the floor....."

Through the roof indicates an increase . Are you sure is that what you meant, since i believe handing out money would likely devalue a currency.
Please expand on your statement.

Persiantraveler / November 20, 2010 2:02 AM

Yes, thank you, my dear, this is one instance my parents knew what they were doing: when they named me;)

But then they threw me out with the bath water. Oh, well.

Man, this Ahmadinejad is a superman:
IR history = 31 years
Ahmadinejad presidency = 5 years

Alright, focus...focus...focus..."Ahmadinejad who is the man responsible for Iran’s financial affairs,"

Yeah?? I am trying to stretch the 5 years over the other 26 years, and boy it don't fit!

Maybe we ought to put Bernanke in charge of Iran's economy while keeping the sanctions still in place just to prove my point.

Niloofar, I like your name, too...don't leave me now!

Ekbatana / November 20, 2010 6:21 AM

Just another loser with a nice name.Probably fake.Don't waste your time Niloofar.He has no comprehension.Look at Persiantraveler's posting.He can't even read right.

Anonymous / November 20, 2010 6:44 PM