CBN Governor, Emefiele emerges President of African Central Banks

CBN promises to maintain price stability, external reserves to safeguard Naira
United Bank for Africa

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been elected President of the Association of African Central Banks (AACB).

Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of the AACB, will be president of the association for the year 2016 and 2017.

This is contained in a communiqué issued on Friday, adding that he would succeed Lucas Nchama, Governor of the Banque des tats de l’Afrique Centrale (BEAC).

To work with Emefiele are the governor of the Bank of Ghana as chairman of the West African sub-region; governor of the Central Bank of Mauritania, chairman of the North African sub-region; and the governor of the Bank of Central African States, chairman of the central African sub-region.


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Also elected were the governor of Banque de la Republique du Burundi as chairman of the East African sub-region and governor of the Central Bank of the Kingdom of Swaziland as chairman of the Southern African sub-region.