Clean transition at BSP: Outgoing Governor Felipe M. Medalla fingers over management to Governor Eli M. Remolona

Outgoing Bangko Sentral ng Pilipinas Governor Felipe M. Medalla (left) fingers over the reins of the Central Financial institution to Governor Eli M. Remolona in a ceremony held on July 3 on the BSP head workplace in Manila.

The brand new BSP chief underscored coverage continuity as he cited the sustained easing of inflation, a powerful banking system and an more and more digitalized and environment friendly funds and settlements system within the nation.

Remolona is the seventh head of the BSP for the reason that enactment of The New Central Financial institution Act in 1993. He brings to the desk his in depth worldwide policymaking expertise, having labored for 14 years on the Federal Reserve Financial institution of New York and 19 years on the Financial institution for Worldwide Settlements in Switzerland and Hong Kong.

Picture credit: BSP