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March 8, 2021

Deputy chief post at central bank axed

The president cancelled the controversial appointment of Spyros Stavrinakis to the post of deputy Central Bank of Cyprus (CBC) governor, the government spokesman said recently, cyprus-mail.com informs. “Spyros Stavrinakis’ act of appointment to the position of deputy CBC governor has been rescinded and the appointment in question is terminated,” Christos Stylianides said. Stavrinakis, a senior CBC director, was appointed deputy governor by former president Demetris Christofias 13 days before the February 17 presidential elections, which the latter did not contest. Christofias claimed the appointment was necessary due to the Central Bank’s increasing obligations, rejecting suggestions that it was politically motivated.

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