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Tags: APFN | EU | Romania | Top Banker

Romania's Top Banker for past 28 Years Says He's Had Enough

Monday, 07 May 2018 01:38 PM EDT

BUCHAREST, Romania (AP) — Romania's central bank governor says he will not be seeking another term after almost three decades in the post.

National Bank Governor Mugur Isarescu responded Monday to a question whether he would seek another mandate when it expires in 2019. "I can't do it any longer," the 68-year-old said.

Isarescu was appointed to the post in September 1990 and has held it ever since, except for an 11-month period from 1999 to 2000, when he was the country's prime minister.

In the 1990s, he negotiated several agreements with the International Monetary Fund.

In 2005, in a bid to end years of rampant inflation, he introduced the new leu (RON), which saw four zeros removed from the national currency.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Romania's central bank governor says he will not be seeking another term after almost three decades in the post.National Bank Governor Mugur Isarescu responded Monday to a question whether he would seek another mandate when it expires in 2019."I can't do it any longer," the...
APFN,EU,Romania,Top Banker
121
2018-38-07
Monday, 07 May 2018 01:38 PM
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