Marcos appoints Remolona as BSP Governor

By Vince Lope, Julito G. Rada and Maricel V. Cruz

PRESIDENT Ferdinand Marcos Jr. has appointed Eli Remolona, a member of the Monetary Board with extensive experience in international banking and finance, to replace Bangko Sentral ng Pilipinas (BSP) Governor Fe lipe Medalla, year term July 2.

"With his extensive experience and remarkable achievements in central banking, economic policy, international finance, and financial markets, Mr. Remolona brings a wealth of expertise to his new role,” the Presidential Communications Office (PCO) said in its announcement.

The PCO said the appointment was made after extensive consultations with the Department of Finance, various government offices, private banks and financial institutions.