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. Last Updated: 07/27/2016

Belarus Bank Battle

MINSK, Belarus () -- Belarus' new parliament on Tuesday rejected President Alexander Lukashenko's decree appointing a new Central Bank chief and voted to reinstate the previous acting chairman.

Lukashenko last week appointed his close ally, banker Tamara Vinnikova, to head the bank without seeking the assembly's approval as provided by the constitution. Parliament defied him and voted to reconfirm acting chairman Nikolai Kuzmich.