Governors at four in five central banks left before their term ended

Countries with highest governor turnover were experiencing political instability

Four in five central banks that responded to Central Banking’s Governance Benchmarks 2021 have had a governor leave before the end of their term in the last 20 years. In total, 46 governors left before their term ended, at the 24 out of 30 banks that answered this question in the affirmative.

At the extreme end of the scale, one central bank in the Europe and central Asia region reported that eight governors had left before their terms ended. Another bank, in the Middle East and North Africa

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