Durmuş Yılmaz

Durmuş Yılmaz
Governor of the Central Bank of Turkey
In office April 18, 2006 – April 13, 2011
Preceded by	Süreyya Serdengeçti
Succeeded by	Erdem Başçı
Personal details
Born	1947 (age 63–64) Uşak, Turkey
Nationality	Turkish
Alma mater	Cass Business School, University College London
Occupation	Civil servant
Profession	Economist

Durmuş Yılmaz (born 1947) is a Turkish economist and was the Governor of the Central Bank of the Republic of Turkey between 2006 and 2011.

Biography

Born in the western Anatolian city of Uşak in 1947, Yılmaz obtained a B.A. degree at Cass Business School in London, UK and received his M.A. degree from the University College, London.

Yılmaz joined the Central Bank of Turkey in 1980 and started to work in the Foreign Debt Rescheduling Division. Then he served in the area of Exchange Rates and Reserve Management. He was promoted to the post of Deputy Director of Foreign Exchange Transactions Division in 1993, Director of Interbank Money Market Division in 1995, and Director of Balance of Payments Division in 1996. Yılmaz became Deputy Executive Director at Markets Department in 1996 and was responsible for the Foreign Exchange Risk Management, Credits, Foreign Exchange and FX Banknotes Markets and Open Market Operations. He was appointed Executive Director of the Workers’ Remittances (Non-Resident FX Deposits) Department in 2002. Yılmaz became Member of the Board on May 1, 2003, and re-elected to this position by April 2006.

Durmuş Yılmaz was appointed Governor of the Central Bank of the Republic of Turkey on April 18, 2006 following the approval of President Ahmet Necdet Sezer. One month before, Sezer rejected the government's first candidate for the post, Adnan Buyukdeniz, chief executive of AlBaraka Turk, an interest-free financial institution founded with Arab capital. The post of governorship was held by Erdem Başçı, an interim governor since March 14, 2006 when the widely respected Süreyya Serdengeçti retired at the end of a five-year term that saw chronic inflation drop from double- to single-digit figures for the first time in three decades under a tight program backed by the International Monetary Fund.

References

• Central Bank of Turkey official website
• Newspaper Dünya

Government offices
Preceded by Süreyya Serdengeçti	Governor of the Central Bank of Turkey April 18, 2006–April 13, 2011	Succeeded by Erdem Başçı

Persondata
Name	Yilmaz, Durmus
Alternative names
Short description
Date of birth	1947
Place of birth	Uşak, Turkey
Date of death
Place of death