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Durmuş Yılmaz

Durmuş Yılmaz is the former President of the Turkish Central Bank, and former Chief Advisor to the President. 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 a 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, and held this position until April 13, 2011. He then served as the Chief Advisor to the 11th President of the Republic of Turkey Abdullah Gül, until the end of his term. Mr. Yılmaz currently serves as a member of the Board of Directors of TEPAV (Economic Policy Research Foundation of Turkey). He holds a BA degree in economics from City University London, and an MA degree from the University College London.
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