'With his extensive experience and remarkable achievements in central banking, economic policy, international finance, and financial markets, Mr. Remolona brings a wealth of expertise to his new role,' Presidential Communications Secretary Cheloy Garafil said in a statement.Eli M. Remolona. Photo from BSP websiteRemolona will replace BSP governor Felipe Medalla, whose six-year term will end on July 2.
'After extensive consultations with the Department of Finance, various government offices, private banks and financial institutions, President Ferdinand Marcos Jr. has made the decision to appoint a new Governor to succeed Governor Medalla,' Garafil said.'Mr. Remolona's impressive career includes a notable tenure of 14 years at the Federal Reserve Bank of New York, followed by 19 years at the Bank for International Settlements ,' she added.
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