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Davoud Danesh-Jafari is an Iranian politician and economist who was minister of economy and finance affairs of Iran.

Davoud Danesh-Jafari
Davoud Danesh-Jafari.jpg
Minister of Finance
In office
14 August 2005 – 1 April 2008
PresidentMahmoud Ahmadinejad
Preceded bySafdar Hosseini
Succeeded byShamseddin Hosseini
Hossein Samsami (Acting)
Member of the Parliament of Iran
In office
28 May 2004 – 12 August 2005
ConstituencyTehran, Rey, Shemiranat and Eslamshahr
In office
28 May 1996 – 26 May 2000
ConstituencyTehran, Rey, Shemiranat and Eslamshahr
Personal details
Born1954 (age 64–65)
Tehran, Iran
Political partySociety of Devotees of the Islamic Revolution[1]
Other political
Alliance of Builders of Islamic Iran (2004)
Alma materNIT Srinagar
University of Tehran
Allameh Tabataba'i University
Military service
AllegianceIran Iran
Branch/serviceJihad of Construction
Years of service1980–1988
UnitCombat engineering
CommandsHead of Combat engineering Logistics Headquarter
Battles/warsIran–Iraq War
AwardsFath Medal.jpg Fath Medal (1982)


Born in 1954 in Tehran, Danesh-Jafari graduated with a bachelor's degree in civil engineering from Regional Engineering College, Srinagar (presently known as National Institute of Technology, Srinagar), India.[2] In 1992[citation needed] he received a master's degree in economics from Tehran University[2] and in 2001[citation needed] he obtained a PhD from Allameh Tabatabaii University.[2] He was a member of the parliament in the 5th term and in the 7th term.

Since 2006 he was involved in plans to create the Iranian Oil Bourse, a commodity exchange for oil and oil byproducts, which would trade mostly in the Iranian currency and other major currencies[3] In December 2006, he was reported as saying that he intended to reduce US dollar based transactions as much as possible.[4]

In January 2008, he announced that the Iranian Oil Bourse would be opened during the anniversary of the Islamic Revolution (February 1–11) a month later.[5] Oil Minister Gholam Hossein Nozari later announced that Davoud Danesh-Jafari would become its head.[6] The Oil Bourse opened on 17 February 2008 on Kish Island.[7][8][9][10]

He served as the minister of economy and finance affairs in the cabinet of president Mahmoud Ahmedinejad from 2005 to 2008.[11]


  1. ^ "List of Legally Registerred Parties in Iran". Khorasan Newspaper. Pars Times. 30 July 2000. p. 4. Retrieved 21 August 2015.
  2. ^ a b c "Minister of Economic Affairs and Finance". Archived from the original on 13 September 2007. Retrieved 14 October 2017.
  3. ^ Ministry to offer IOB Articles of Association in two months Archived 2008-03-19 at the Wayback Machine, 19 May 2006, Mehr News Agency
  4. ^ Iran May Reduce Use of Dollar, Tehran Papers Say, 6 December 2006, Bloomberg
  5. ^ Iran Oil Bourse to deal blow to dollar
  6. ^ "Iran to launch oil and gas exchange 27 February". RIA Novosti. 13 February 2008. Retrieved 19 February 2008.
  7. ^ 1st phase of Iran oil stock inaugurated on Kish Island, IRNA Reports, 17 February 2008 Archived 14 March 2008 at the Wayback Machine
  8. ^ Oil bourse opens in Iran's Kish Island Archived 2009-02-02 at the Wayback Machine Retrieved 17 February 2008
  9. ^ Iran Oil Bourse may use Russian ruble , Press TV Reports, 15 February 2008 Archived 20 February 2008 at the Wayback Machine
  10. ^ "Kish Stock Exchange Director: There are no limitations on transactions by foreigners at the Oil Bourse". Kish Free Zone Organization. 18 February 2008. Archived from the original on 7 June 2008. Retrieved 19 February 2008. Cite uses deprecated parameter |deadurl= (help)
  11. ^ Alfoneh, Ali (Spring 2011). "All Ahmadinejad's Men". The Middle East Quarterly. XVIII (2): 79–84. Retrieved 27 July 2013.
Political offices
Preceded by
Safdar Hosseini
Minister of Economy and Finance Affairs of Iran
Succeeded by
Shamseddin Hosseini