Durmuş Yılmaz
Durmuş Yılmaz | |
|---|---|
| Born | 1947 Uşak, Turkey |
| Occupation(s) | Economist, politician |
| Years active | 1980–present |
| Known for | Governor of the Central Bank of the Republic of Turkey (2006–2011) |
Durmuş Yılmaz is a Turkish economist and political figure who held the position of Governor at the Central Bank of the Republic of Turkey between 2006 and 2011.
Biography
Yılmaz was born in 1947 in Uşak, located in western Anatolia. He completed his undergraduate studies in economics at City University London and earned a master's degree from University College London.
Beginning his career at the Central Bank of Turkey in 1980, Yılmaz initially focused on Foreign Debt Rescheduling. He progressed through several key positions including roles in Exchange Rates and Reserve Management. In 1993, he was promoted to Deputy Director of Foreign Exchange Transactions, followed by Director of Interbank Money Market in 1995, and Director of Balance of Payments in 1996. Later that year, he assumed the role of Deputy Executive Director within the Markets Department, where he managed Foreign Exchange Risk Management, Credits, FX Banknotes Markets, and Open Market Operations. In 2002, Yılmaz advanced to Executive Director of the Workers’ Remittances Department. He joined the Central Bank’s Board on May 1, 2003, and secured reappointment in April 2006.
On April 18, 2006, President Ahmet Necdet Sezer appointed Yılmaz as Governor of the Central Bank after the government's initial nominee was rejected. He took over from interim governor Erdem Başçı following the conclusion of Süreyya Serdengeçti’s term, during which significant progress was made in reducing persistent inflation under an IMF-supported program.
Political career
In the June 2015 election, Yılmaz was elected as a parliamentary representative for Uşak through the Nationalist Movement Party. However, he lost his seat in the subsequent snap election. Subsequently, Yılmaz contributed to establishing the Good Party and successfully won a seat representing Ankara's third electoral district in the 2018 parliamentary elections.