Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 06/02/2012

3 Tipped For Top Bank Post

President Boris Yeltsin is considering a list of three possible candidates to nominate as head of the Central Bank, a senior source in the State Duma said Friday.


The list does not include current acting Central Bank chief Tatyana Paramonova, said the source, who asked not to be named. But it was not clear whether Paramonova had been completely ruled out as a candidate.


Yeltsin is due to nominate one candidate to the Duma over the next week or so.


The source said the list currently under consideration includes former Finance Minister Sergei Dubinin, currently working with Gazprom; Yeltsin's chief economic adviser Alexander Livshits; and Promstroibank President Yakov Dubenetsky.


Before working with Gazprom, which was once headed by Prime Minister Viktor Chernomyrdin, Dubinin was deputy chairman of Bank Imperial.


"Dubenetsky seems the most preferable," the source said.


He said Yeltsin had not yet sent his nomination to the Duma, and as far as he knew had not yet decided it.


The Duma failed to muster enough votes in July to confirm Paramonova as chairman, after rejecting her a first time in April. Under Russian law, Yeltsin can nominate her one more time.


Paramonova has been praised by economists for stabilizing the Russian economy this year through tight monetary policies which have brought inflation down to below 5 percent a month and steadied the ruble against the dollar.


But she was unpopular with many commercial bankers, who have a powerful lobby in the Duma, because the tight monetary policies curbed banks' easy trading profits.


Paramonova replaced Viktor Gerashchenko, who was sacked by Yeltsin after the ruble's "Black Tuesday" crash against the dollar one year ago.




This article has no comments.

Be the first to leave a comment


Discussion
The Moscow Times welcomes your comments and invites you to discuss topics with other readers. Your comment will be posted automatically to enable a live discussion. If you aren't familiar with our comments policy, you can read it here.

If you're a registered user, you can start typing your comment below. If not, take a moment to sign up. and then return to the article.

If your comment doesn't appear, contact us by using our web form.

Comments

Comments via Facebook



print


Comments

This article has no comments.

Be the first to leave a comment





Most Read