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Nicosia was rocked by scandals surrounding the Central Bank and its contracts with an American consultancy (Photo: Kyriakos)

Cyprus central bank governor resigns

The governor of the Cypriot central bank, Panicos Demetriades, on Monday (10 March) resigned after being investigated over a secret deal he negotiated with an American consultancy firm in connection with his country's €10bn bailout.

Demetriades handed in his resignation to the Cypriot finance minister while in Brussels, where eurozone finance ministers were meeting on Monday.

Quoting a source who saw the letter, Reuters said Demetriades cited “family and personal” reasons for his ...

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Nicosia was rocked by scandals surrounding the Central Bank and its contracts with an American consultancy (Photo: Kyriakos)

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