Russia’s central bank governor re-appointed — RT EN

21 Apr 2022 4:59 p.m

Elvira Nabiullina will head Russia’s central bank for another five-year term. Under her leadership, the ruble has recouped all the losses it suffered shortly after Moscow’s military operation in Ukraine began.

Source: Gettyimages.ru © Sefa Karacan

The Russian State Duma decided on Thursday to extend Elvira Nabiullina’s term as governor of the Russian Central Bank by another five years. On March 18, President Vladimir Putin submitted a proposal to the lower house of the Federal Assembly to appoint Nabiullina for a further term.

Her current five-year term ends in June, and federal law had required the president to nominate her or another candidate by March 24. The Kremlin explained at the time that Putin’s high regard for the central bank’s work led to this proposal.

Nabiullina, 58, has headed the Central Bank of Russia since June 2013. In 2017, her mandate was extended by five years. Before taking office, Nabiullina had worked for a year as a presidential adviser and had previously headed the Ministry of Economic Development.

Under Nabiullina’s leadership, the ruble recovered all the losses it suffered after Moscow’s military operation in Ukraine began on February 24 this year. The ruble is now at levels where it was trading before the conflict in Ukraine.

More on the subject – Putin: “The West’s economic blitzkrieg has failed”

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