Treasury Chief Gets Central Bank Post
From Times Wire Reports
President Ernesto Zedillo sprang a major surprise, naming Treasury Minister Guillermo Ortiz to head the central bank but not saying who would replace him at the helm of the Mexican economy. “President Zedillo will name [Ortiz] governor of Banco de Mexico to replace Miguel Mancera Aguayo, whose period at the head of the institution ends on Dec. 31,” the president’s office said. Ortiz, 49, is the man credited with turning around Mexico’s economy after the disastrous December 1994 peso devaluation.
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