Macedonian President Nominates Central Bank Head

Gosev’s seven year mandate expires in May, but the VMRO DPMNE led parliament will likely approve Bogov's appointment before that, during this month, in an attempt to fill the role before the forthcoming elections.

The role of governor of the central bank has been one of the few remaining high level posts that have not been filled by appointees of the VMRO DPMNE led government.

“With Bogov, Macedonia is going to get a governor that will work in line with the strategic priorities for more dynamic economic development and recovery of the country after the economic crisis,” the President's office said in a statement.

The current governor was last year criticised by the government for waging an overly restrictive policy that they said hampered economic development.
 
Bogov’s appointment comes at a delicate moment for the country, before early elections and amid an ongoing political logjam caused by the opposition boycott of the parliament.

The 43-year-old Bogov is a monetary policy expert. Before becoming vice-governor he worked as a banker and later as head of the monetary policy sector in the Finance Ministry when current Prime Minister Nikola Gruevski was leading that ministry.

The governor has a key role in supervising the banking sector, managing the states foreign currency reserves, managing the exchange rate and keeping inflation in check.