Mugur Isarescu has been appointed for yet another 5-year term in office as Governor of the National Bank of Romania, after the Parliament validated the Central Bank's new Board of Directors. Former Finance Minister Florin Georgescu has been appointed first deputy governor. Attending the Parliament's validation session, Isarescu highlighted the National Bank's forthcoming objectives.
"Rest assured that we are going to promote policies capable of securing stable prices and financial stability in Romania. Also, I do believe in a good cooperation with the Romanian Government, we are going to do what is needed to fulfill the objective of adopting the single European currency in 2014-2015."
Isarescu also said the aim of adopting the European currency could act as a catalyst for a series of coherent macroeconomic policies. According to Isarescu, besides the National Bank of Romania's main objective of adopting the Euro, the National Bank's Board of Directors will have to provide financial and price stability, the sanity of the national currency, of the credit and monetary circulation.