Philippine president plans to amend law to hand Tetangco third term

Amando Tetangco at Central Bank of the Philippines
Amando Tetangco

The president of the Philippines, Rodrigo Duterte, is planning to appoint central bank governor Amando Tetangco for a third term, even though the law currently prohibits it.

The country's central bank law stipulates a governor may serve a maximum of two six-year terms. Tetangco is due to reach the end of his second term in July 2017.

Philippine finance minister Carlos Dominguez today (November 22) confirmed the plans in an email to Central Banking, after they were initially reported in local

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