NZ central bank has six months to replace Brash

NEW ZEALAND - The Reserve Bank of New Zealand said in a statement released Monday that it will advertise the position of governor locally and overseas - a decision that leaves the door open for an external candidate to fill the role vacated by Don Brash's, surprise resignation Friday to move into politics.

Bill Wilson, chairman of the central bank's non-executive directors committee, said the Reserve Bank's board met Monday to initiate the procedures by which a new governor will be appointed.