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Sama governor named 'best central banker'

NEW YORK, September 8, 2014

The Governor of Saudi Arabia Monetary Agency (Sama), the central bank of the kingdom, has been named as one of the world's best central bankers by the Global Finance magazine.

Fahad Al-Mubarak has earned an “A” grade on Global Finance’s Central Banker Report Cards.    

In addition to Al-Mubarak, heads of the central banks of India, Israel, Malaysia, the Philippines, Switzerland and Taiwan havre also won an 'A' grade. “A” represents an excellent performance down through “F” for outright failure.

The central bankers of Chile, Colombia and the European Union earned “A-” grades on the list.

The Central Banker Report Cards, published annually by Global Finance since 1994, grades central bank governors of nearly 70 key countries (and the European Union) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management.

Global Finance publisher and editorial director Joseph Giarraputo said: “Global economies are starting to recover, despite rising geopolitical risk in certain markets. Central bankers once again face challenging times in managing monetary policy to positively influence economic stability and growth—and some of the changes in our scores this year reflect those challenges. Every year, we assess the determination of central bankers to stand up to political interference and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services.” - TradeArabia News Service




Tags: Central Bank | Sama | Global Finance |

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