Governors are rarely dismissed early
Most jurisdictions have the power to dismiss central bank governors, but rarely use it
Most of the central banks that responded to the Governance Benchmarks 2022 have a law allowing for the early dismissal of central bank governors.
These laws often allow dismissal on the grounds of serious misconduct or a failure to perform their duties. However, the laws appear to be invoked only rarely.
Almost all of the 34 respondents (94%) said the governor could be dismissed before the end of their term. Only two central banks, both in Africa, said their countries did not have such a
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