Ecuador appoints new central bank chief

Carlos Vallejo Lopez has become president of the Central Bank of Ecuador little more than a week after joining the institution.

The government appointed Vallejo, a career politician who was most recently the country's agriculture minister, to the central bank's board of directors last Tuesday following Robert Andrade's shock departure after less than five months at the helm.

Andrade's replacement had to come from the five-strong board of directors, who also decide who will head the central ba

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