Valiollah Seif

Valiollah Seif (Persian: ولی‌الله سیف, born 1 January 1952[1]) is an Iranian banker. He was the governor of the Central Bank of Iran from 2013 until 2018.

Valiollah Seif
Governor of the Central Bank of Iran
In office
2 September 2013  25 July 2018
Appointed byHassan Rouhani
Preceded byMahmoud Bahmani
Succeeded byAbdolnaser Hemmati
Personal details
Born (1952-01-01) 1 January 1952
Hamedan, Iran
Alma materN.I.O.C. school of Accounting and Finance
Allameh Tabatabaei University

Early life

Seif was born on 1 January 1952 in Nahavnd. He gained his Bsc. and Msc. from Petroleum University of Technology (former N.I.O.C. school of Accounting and Finance) and his Ph.D. from Allameh Tabatabaei University in Accounting. He is currently a professor at the Allameh University.

Career

He was CEO and chairman of some private banks in Iran, Mellat Bank (1990–1992), Saderat Bank (1992–1995), Sepah Bank (1995–2000), Future Bank of Bahrain (2001–2003) and Karafarin Bank (2010–2013). He was also governor of National Bank of Iran from 2003 to 2007. He was nominated as governor of Central Bank of Iran by the bank's board of directors and was accepted by President Hassan Rouhani. He was officially appointed on 2 September 2013 and quickly hinted that interest rates should rise in order to control inflation in the country.[2] He is currently vice president of the International Chamber of Commerce.[3]

Caspian Credit Institution protests

In 2017, Seif's reputation was hit hard when one of the five official Central Bank-approved credit institutions was unable to pay back the deposits of the customers. Unable to give reasonable explanation to the public, Valiollah Seif was soon the target for the public, media, and government officials. Protesters generally called for his execution.[4]

Honours

He received Gold Medal for Public Relations from President Mahmoud Ahmadinejad in January 2011. He was also named as one of Iran's banking industry faces persistent in 2012.[5]

References

Government offices
Preceded by
Mahmoud Bahmani
Governor of the Central Bank of Iran
2013–2018
Succeeded by
Abdolnaser Hemmati
Business positions
Unknown Chief Executive Officer of Karafarin Bank
2010–2013
Succeeded by
Fazlollah Moazzami
as Acting CEO
Unknown Chief Executive Officer of Future Bank
2005–2010
Succeeded by
Gholam Souri
Preceded by
Fereydoun Tohidi-Moghaddam
as Acting CEO
Chief Executive Officer of Bank Melli Iran
2000–2005
Succeeded by
Abdolmajid Ansari
Unknown Chief Executive Officer of Bank Sepah
1996–2000
Unknown
Unknown Chief Executive Officer of Bank Saderat Iran
1992–1996
Unknown
Unknown Chief Executive Officer of Bank Mellat
1990–1992
Unknown
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