New Moldovan governor takes up post
Sergiu Cioclea will have to deal with after-effects of massive bank fraud
The new governor of the National Bank of Moldova (NBM) took up his position today (April 11), a spokeswoman confirmed. Sergiu Cioclea, a former senior manager at BNP Paribas, succeeds Dorin Dragutanu.
Cioclea will have to deal with the continuing fallout from the disappearance in November 2014 of up to $1 billion, or approximately one-eighth of Moldovan GDP, from customer accounts in three commercial banks.
Dragutanu continued to serve as governor for almost seven months following his
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