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Talmaci resigns, Moldova's central bank to have a new governor

September 30, 2009
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According to the National Bank of Moldova (the central bank of the country) website, after Leonid Talmaci's terms in office was expired, the post of the NBM president (aka governor) remains vacant.

A second vacant post has appeared in the administrative board of the National Bank of Moldova. On July 26, Victor Doras vacated also his post of NBM Vice-President.

Only three out of five members of the administrative board (First Vice-President and Vice-Chairman of the administrative board Victor Cibotaru and two Vice-Presidents Emma Tabirta and Marin Molosag) work at present. According to the law, they must manage the NBM and determine its monetary policy.

The new Parliament must take decisions on the appointment of new members of the administrative board.

NBM Ex-President Leonid Talmaci has no contacts with journalists and nothing is known about his future employment. The Moldovan banking community considers that a person with such rich experience and service life will always be in demand at the financial market.

According to the information disseminated in the banking sector, the most probable candidature for the post of the NBM President is the Chairman of Moldova Association of Banks Dumitru Ursu. Other probable candidates are NBM First Vice-President Victor Cibotaru, ex-Chairman of Victoriabank Victor Turcanu, President of Eximbank Gruppo Veneto Banca Marcel Chirca, representative of the International Monetary Fund (IMF) for Middle Asia Veronica Bacalu, who came to work in the IMF from the post of the NBM Vice-President post and Lilia Burunciuc, who passed from the NBM (also an ex Vice-President) to work in the World Bank.

Leonid Talmaci headed the NBM since 1991. From 1988 he was the President of one of the USSR private banks - Energomash in Saint-Petersburg, afterwards he headed the Association of Commercial Banks of the city. In 1990 he was elected the Vice-President of the Russian Commercial Banks. In 2009 he was 55 years. He officially resigned from the post of the NBM President on September 26, 2009.

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