Asia’s longest-serving governor to step down

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Perng Fai-nan, of Taiwan's central bank, is Asia's longest-serving central bank governor

The governor of the Central Bank of the Republic of China (Taiwan) has said he will not renew his contract as governor when his term comes to an end in 2018. Perng Fai-nan will have served 20 years in the post, making him the longest-serving governor in Asia, according to the Central Banking Directory.

"During the press conference following the September 29, 2016 monetary policy meeting, the governor announced this would be his final term in office," a spokesperson from the bank said.

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