Central Bank Chief Denies Plans to Resign

Roman Gotsiridze, the president of the National Bank of Georgia, said on May 23 that, despite criticism from lawmakers, he had no plans to resign.

MPs from the ruling National Movement Party slammed Gotsiridze at parliamentary hearings on the NBG?s annual report on May 10 for, as they put it, a failure to timely tackle the high inflation rate last year.

The criticism triggered speculation that the ruling majority wanted to replace the NBG president.

Gotsiridze, however, told reporters that there was ?no reason to speculate.?

He said that the parliamentary hearing was ?a normal, ordinary discussion, which is quite natural? when important issues are discussed.

Parliament has yet to pronounce on the NBG annual report. A negative reaction could see Gotsiridze resign.

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