New central bank chief to be named this month, says Jaber

A new Central Bank governor will be named before the end of March to “secure the continuity of work at the bank,” Finance Minister Yassine Jaber has confirmed.

The new governor must “enjoy a good reputation and a lengthy experience and he must be known and has a history in the financial and monetary field,” Jaber added, in an interview with Asharq Bloomberg.

As for the issue of writing off deposits, the minister stressed that “this issue is out of the question,” noting that “the focus is on appointing a new governor who would present a monetary plan and address the issue of deposits.”

“After achieving that, the issue of creditors would be resolved, seeing as banks have been instructed to postpone the issue of creditors until nearly 2028,” Jaber added.