Marcos appoints Remolona as BSP Governor READ MORE:
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 Governor Felipe Medalla, whose six-year term ends on July 2.
Given his international experience, track record and reputation in central banking in developed countries, his appointment would bring a more international perspective and the adoption of more global best practices, Ricafort said. During his time at the BIS, he served as the regional head for Asia and the Pacific, where he closely collaborated with the governors of 12 leading central banks in the region.
His journey in economics began in 1972 when he served as an economist at the Presidential Economic Staff and Development Management Staff, under Alejandro Melchor, then executive secretary of President Ferdinand Marcos Sr.. He served the last year of the six-year term of the late BSP Governor Nestor Espenilla Jr. who died in February 2019 from cancer after serving for almost two years.House Ways and Means Chair and Albay Rep. Joey Sarte Salceda on Friday congratulated Remolona on his appointment, calling it “welcome news.”
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