MANILA, Philippines – President Ferdinand Marcos Jr. appointed Eli Remolona, an expert on monetary policy, as Governor of the Bangko Sentral ng Pilipinas , the Presidential Communications Office announced Friday, June 23.
BSP governors serve a term of six years. If they step out or, in the case of Espenilla, pass away before their term ends, their replacement will complete only the remainder of the original term. Diokno, speaking to media following Remolona’s appointment, said the incoming BSP chief has advised central bankers in the region. “Monetary policy is his life,” added the finance chief.
He was also professor of finance and director of central banking at the Asia School of Business in Kuala Lumpur from 2019 to 2022.
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