The People’s Bank confirms there will be no delays; the selection of deputy governors rests with the Parliament.

The National Bank has revealed that proposals for new deputy governors have been forwarded to Parliament following a public solicitation and adherence to established legal protocols. Currently, the Assembly holds the authority to proceed with the selection process. The bank firmly denies any assertions suggesting obstacles are impeding the appointment of deputy governors or that the National Bank’s operations are under scrutiny.

This situation is governed by Article 55, paragraph 3 of the Law on the National Bank. This legal provision dictates that a Council member whose term concluded prior to a replacement’s appointment retains all the same powers and responsibilities as defined by law. The National Bank stresses the importance of this arrangement, emphasizing its role in maintaining operational continuity.

This ensures the stability and smooth operation of the institution. The bank’s continued functionality is paramount, guaranteeing a peaceful and uninterrupted service for the public. The entire process is designed to safeguard the bank’s future.

Topics: #bank #national #selection

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