Heads of state often play key role in governor appointments

Benchmark respondents say governors’ terms last four to seven years

At the central banks that responded to the Governance Benchmarks 2022, the median length of a governor’s term was five years. 

Terms ranged between four and seven years. Governors can serve a median of two consecutive terms. 

Governments’ procedures for appointing governors at the responding central banks divided almost equally into two models. 

Of the 29 central banks that answered this question, a small majority (52%) said one authority both nominates and confirms the governor. The other 48

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