ECONOMY FINANCE&BANKING

Mugur Isarescu , supported by the PSD-ALDE coalition for a new term as the NBR Governor

Mugur Isarescu, the most long-lasting governor at the head of a central bank, will be supported by the PSD-ALDE coalition for a new term at the National Bank of Romania (NBR), the Senate’s Speaker Calin Popescu-Tariceanu announced on Monday, after a meeting with PM Viorica Dancila.

“After the discussion I had today with the lady Prime Minister, we’ve reached the conclusion that we will continue by renewing Mugur Isarescu’s term. He has our support (…)”, Tariceanu stated.

He mentioned that, according to the current weight existing in the Parliament, PSD will have four seats and ALDE will have one seat at the next NBR Board of Directors.

The statement is surprising, given that there have been many criticisms in the last year, from the ruling coalition, regarding the NBR decisions.

Mugur Isarescu is the head of the National Bank of Romania since September 1990, being the most long-lasting governor of a central bank in the world. In 2014, he was appointed for a new five-year term which is going to expire this year.

Last year, Isarescu intimated that he is no longer interested in a new term, but this January, the Governor stated that “the Parliament will decide”.

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