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Romanian National Central Bank Governor Mugur Isarescu is considering to run for a new mandate

de A.C.
Miercuri, 3 iunie 2009, 15:02 English | Business

Romania's National Central Bank Governor Mugur Isarescu declared that he is interested to gain a new mandate as governor, a position which he occupied for the last 19 years, Mediafax reads. Isarescu declared that he has no plans of retirement yet.

The Bank's new Board was named by the Parliament back in 2004 when the legislative ruled that the mandate of the bank's governor should be reduced from six to five years. Thus, the mandate of the current board will expire in less than four months. The Parliament will have to choose its new members, based on the party's proposals.

Isarescu, aged 59 took over the position as governor of the Central Bank in September 1990, a position which he left for one year, back in 1999 when he was named Prime Minister.

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