NBS accepts governor's resignation
The Council of the National Bank of Serbia (NBS) today in Belgrade accepted Governor Radovan Jelašić’s resignation.
Tuesday, 06.04.2010.
10:43
The Council of the National Bank of Serbia (NBS) today in Belgrade accepted Governor Radovan Jelasic’s resignation. Jelasic announced his resignation last month, and said the decision came due to personal reasons. He will continue as governor until his replacement has been selected. NBS accepts governor's resignation Ahead of the meeting today, president of NBS Council Dejan Soskic told B92 that the current law did not envisage a deadline for electing a new head of the central bank, and said he therefore expected that the procedure "could take a while". The current law says that the Parliamentary Finance Committee formally nominates a candidate for governor, but the PM has recently announced a new law on the NBS, with one of the envisaged changes related to the institution that makes nominations. According to reports, it is "being considered" that the president of the republic should choose candidates. Soskic explained that the selection of a new governor is not expected soon precisely because of the expected changes to the law. "Adoption of a new law requires a long-term procedure, primarily drafting the bill itself and after that the bill should become an official proposal, then it must go to the parliament agenda, so it’s a process which will take some time. I would be surprised if it took less than two, or three months,” he said. Unofficially, the ruling Democratic Party (DS) will nominate a candidate instead of G17 Plus, which has so far produced central bank chiefs from its ranks. Precisely Soskic, who is also one of the members of the prime minister's economic team and professor at the Faculty of Economy, is being mentioned one of the most serious candidates. Soskic confirmed for B92 for the first time that he held informal talks on the subject. “There were some informal contacts, however, I would let the democratic process take its course at this point. It is certain that many more of these preliminary consultations should be carried out in order to come up with a concrete proposal for this important position,” he explained. “This is a complicated process of mutual agreement and it would be hard to assume that it can be finished in a short time,” Soskic concluded.
NBS accepts governor's resignation
Ahead of the meeting today, president of NBS Council Dejan Šoškić told B92 that the current law did not envisage a deadline for electing a new head of the central bank, and said he therefore expected that the procedure "could take a while".The current law says that the Parliamentary Finance Committee formally nominates a candidate for governor, but the PM has recently announced a new law on the NBS, with one of the envisaged changes related to the institution that makes nominations.
According to reports, it is "being considered" that the president of the republic should choose candidates.
Šoškić explained that the selection of a new governor is not expected soon precisely because of the expected changes to the law.
"Adoption of a new law requires a long-term procedure, primarily drafting the bill itself and after that the bill should become an official proposal, then it must go to the parliament agenda, so it’s a process which will take some time. I would be surprised if it took less than two, or three months,” he said.
Unofficially, the ruling Democratic Party (DS) will nominate a candidate instead of G17 Plus, which has so far produced central bank chiefs from its ranks.
Precisely Šoškić, who is also one of the members of the prime minister's economic team and professor at the Faculty of Economy, is being mentioned one of the most serious candidates.
Šoškić confirmed for B92 for the first time that he held informal talks on the subject.
“There were some informal contacts, however, I would let the democratic process take its course at this point. It is certain that many more of these preliminary consultations should be carried out in order to come up with a concrete proposal for this important position,” he explained.
“This is a complicated process of mutual agreement and it would be hard to assume that it can be finished in a short time,” Šoškić concluded.
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