Duma committee recommends new term for Central Bank chief
MOSCOW. June 22 (Interfax) - The State Duma's Financial Markets Committee has recommended extending Sergei Ignatyev's tenure as chairman of the Central Bank.
The Duma will consider the matter at a session on June 24.
President Dmitry Medvedev nominated Ignatyev for another four-year term in early June.
"I have decided to submit your nomination as chairman of the Central Bank to the State Duma," Medvedev told Ignatyev at a meeting in the Kremlin in early June.
Ignatyev has been Central Bank chairman since March 20, 2002.
A nominee for the post of Central Bank chairman is appointed to a four-year term by a simple majority in the State Duma. The president nominates candidates. The Central Bank chairman may not serve more than three consecutive terms.