And one major piece of government's macroeconomic and policy apparatus won't be around when those revenue measures are put in place. 7News has received reliable reports that Central Bank Governor Glenford Ysaguirre is demitting office. Ysaguirre's contract expires at the end of this month and will not be renewed. And while he leaves at the end of his contract, his departure is still considered sudden because there had been reports that he would be kept on as part of the team to steer government through an especially difficult period. But he leaves officially on Friday making the way for former Minister, National Bank Chairman, and current Director of the FIU, Joy Grant. Grant - who has limited experience in the commercial banking sector - is expected to have a steep learning curve as there are multiple challenges confronting the Central Bank as regulator in an economy that is strapped for hard currency.
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And one major piece of government's macroeconomic and policy apparatus won't be around when those revenue measures are put in place. 7News has received reliable reports that Central Bank Governor Glenford Ysaguirre is demitting office. Ysaguirre's contract expires at the end of this month and will not be renewed. And while he leaves at the end of his contract, his departure is still considered sudden because there had been reports that he would be kept on as part of the team to steer government through an especially difficult period. But he leaves officially on Friday making the way for former Minister, National Bank Chairman, and current Director of the FIU, Joy Grant. Grant - who has limited experience in the commercial banking sector - is expected to have a steep learning curve as there are multiple challenges confronting the Central Bank as regulator in an economy that is strapped for hard currency.