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Greek Cypriot awarded Turkish Cypriot post at Central Bank

5 February 2013

A Greek Cypriot has been appointed deputy governor to the Central Bank in the south; a position which has been vacant for the past 50 years.

The post, traditionally reserved for a Turkish Cypriot, was given to Spyros Stavrinakis by President Christofias, just 13 days before presidential elections take place in the south. President Christofias will not be running for re-election.

Christofias denied that this move was politically motivated and said that it was necessitated by Central Bank’s growing¬†commitments.