Moldovan finance minister becomes central bank governor

National Bank of Moldova
The National Bank of Moldova

Moldova’s finance minister resigned today (November 30) and was appointed governor of the country’s central bank by the country’s parliament.

Octavian Armașu pledged to continue the major reforms of Moldova’s scandal-hit banking sector overseen by his predecessor Sergiu Cioclea, who unexpectedly announced on November 20 that he would resign, effective today. He was two years and eight months into a seven-year term as governor.

Cioclea seemed happy with Armasu’s appointment, appearing with the

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