The World’s Longest Serving Central Bank Governor Has the Backing for Another Term

The world’s longest serving central bank governor is poised to expand his tenure as Romania’s ruling party plans to support Mugur Isarescu for another term during a vote next week in Parliament.

Isarescu, who leads the National Bank of Romania, will probably be handed a new five-year term as the ruling coalition has a majority in Parliament -- the opposition parties have also expressed support for him. In his job since 1990, the 69-year-old has lived through everything from hyperinflation and his country being on the brink of bankruptcy to the global financial crisis of 2008.