El Salvador appoints new central bank chief

National Palace of El Salvador, San Salvador
National Palace of El Salvador, San Salvador

The newly elected president of El Salvador, Nayib Bukele, has appointed a new central bank chief, former civil servant Carlos Federico Paredes.

Bukele’s choice for the central bank chief – announced as part of wider set of government appointments – comes less than two weeks after the president was sworn into office on June 1. During the election race, the 37-year-old political outsider promised to tackle the nation’s legacy of gang violence and corruption.

The new central bank chief will

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