Icelandic police chief heads ‘bizarre' committee to choose next governor

Central Bank of Iceland
The Central Bank of Iceland

The chief of police for the Icelandic capital Reykjavik is heading a three-person committee charged with selecting the country's next central bank governor – a decision described by one observer as "bizarre" and potentially damaging to the morale and the credibility of the bank.

Current governor of the Central Bank of Iceland Már Guðmundsson is one of the 10 applicants for the post, published by the Finance Ministry last week. He was informed in February this year he would need to re-apply in an