Cyprus names new central bank chief

NICOSIA, Cyprus (AP) — Cyprus' president has appointed Auditor-General Chrystalla Georghadji as the bailed-out country's new central bank governor.

A government statement Tuesday said Georghadji will take up her new post April 11 and that European Central Bank chief Mario Draghi has been informed.

The appointment comes a day after outgoing Governor Panicos Demetriades resigned for what he said were mainly "personal and family reasons."

President Nicos Anastasiades was highly critical of Demetriades' handling of last year's rescue deal with other eurozone countries and the International Monetary Fund. He had even threatened to begin legal proceedings to oust Demetriades for failing to do his job properly

But Anastasiades on Tuesday rejected suggestions by political parties that Demetriades' departure was engineered by the government.

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