World’s Longest-Serving Central Bank Chief to Get New Term in Romania
- Mugur Isarescu, in office since 1990, to get eighth term
- Lawmakers aim for vote on rate-setting panel by end of June
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June.
Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served for over three decades except for a yearlong stint as prime minister in 1999 and 2000.