Sunday, March 1, 2009

Iceland names interim governor of Central Bank

STOCKHOLM, Feb. 27 (Chinese media) -- Iceland on Friday hired a Norwegian economist as interim governor of Sedlabanki, the country's central bank, according to reports.

Svein Harald Oeygard, who has 11 years of experience in Norway's central bank, finance ministry and parliament, was appointed as interim governor, Sedlabanki said in a statement.

Arnor Sighvatsson, the bank's chief economist, was named interim deputy governor.

Oeygard and Sighvatsson will hold their positions until the government makes permanent appointments, the statement said.

"Oeygard has extensive experience from Norwegian administration and company consultancy, which should come in handy," Olafur Isleifsson, an economics professor at Reykjavik University, told the Iceland newspaper Morgunbladid.

The parliament passed a reform bill on Thursday that paved the way for the removal of David Oddsson as bank chief.

Oddsson had been viewed by many Icelanders as one of the key figures responsible for the country's economic collapse in October. Oddsson had already announced his resignation earlier Thursday before parliament passed the bill.

The new government, which was sworn in Feb. 1, had demanded Oddsson's resignation and when he refused to do so, presented a reform bill to parliament in an effort to remove him.

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