Philippines deputy nominated as next governor

Amando Tetangco: his term ends in July

Philippines president Rodrigo Duterte has appointed Nestor Espenilla to succeed Amando Tetangco as governor of the central bank when his term comes to an end in July.

The appointment was confirmed to Central Banking by finance secretary Carlos Dominguez, who said the announcement had been made by presidential spokesperson Ernesto Abella.

“A very wise choice after a thorough evaluation of the future needs of the country and of all the candidates,” Dominguez said via social media. The finance

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