Mohsen Nourbakhsh

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Seyed Mohsen Nourbakhsh
Minister of Economy and Financial Affairs
In office
President Akbar Hashemi Rafsanjani
Preceded by Mohammad-Javad Irvani
Succeeded by Morteza Mohammadkhan
Governor of Central Bank of Iran
In office
Preceded by Alireza Nobari
Succeeded by Majid Ghasemi
In office
Preceded by Mohammad-Hossein Adeli
Succeeded by Ebrahim Sheibani
Personal details
Born (1948-05-18)18 May 1948
Isfahan, Iran
Died 23 March 2003(2003-03-23) (aged 54)
Tehran, Iran
Political party Executives of Construction Party

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

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]


Shortly after the Iranian Revolution, Nourbakhsh's nomination for finance minister was rejected by then president Abolhassan Banisadr.[2] Nourbakhsh was then named deputy finance minister and held that office until 1981.[2]

In 1988, Nourbakhsh became a member of the Majlis and a representative for Tehran.[2] Next he was nominated for the economy and finance minister to the government of the then president Akbar Hashemi Rafsanjani in 1989.[3] He was approved by the Majlis with 195 for and 43 against votes.[3] In the Summer of 1993, he was forced by the Majlis to resign.[4]

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.[5] In 1999 president Mohammad Khatami reappoint 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.[6]


Nourbakhsh died of a heart attack on 23 March 2003.[2] He had had a heart failure since his childhood, and had undergone a heart surgery.[2] Mohammad Khatami, in a condolence message, praised Nourbakhsh as a "very sincere, intelligent and capable serviceman" and described his death as a "great loss."[2]

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


  1. 1.0 1.1 "رئيس بانک مرکزی ايران درگذشت". BBC. 23 March 2003. Retrieved 18 February 2013. 
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "Iran's Central Bank Governor Mohsen Nourbakhsh dies of heart attack". Payvand. IRNA. 23 March 2003. Retrieved 18 February 2013. 
  3. 3.0 3.1 Ehteshami, Anoushiravan (1991). "After Khomeini: the Structure of Power in the Iranian Second Repuhlic". Political Studies. XXXIX: 148–157. doi:10.1111/j.1467-9248.1991.tb00586.x. Retrieved 18 February 2013. 
  4. Bahman Baktiari (1996). Parliamentary Politics in Revolutionary Iran: The Institutionalization of Factional Politics. University Press of Florida. p. 236. ISBN 978-0-8130-1461-6. Retrieved 18 February 2013. 
  5. "Governors". Central Bank of Iran. Retrieved 18 February 2013. 
  6. Dinmore, Guy (22 August 2000). "Upturn in Iran may aid Khatami". Financial Times. Retrieved 21 June 2013.