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. Last Updated: 07/27/2016

Melikyan Reported Resigned

Central Bank First Deputy Chairman Gennady Melikyan has resigned, Vedomosti reported.

One of the paper's sources said Melikyan was on holiday until Aug. 25. "He'll come back, but not for long," a source said.

The paper says Melikyan has confirmed that he has tendered his resignation, as he had "long wanted to." Melikyan refrained from discussing the reasons for standing down, saying only that this had nothing to do with Bank of Moscow. "My time has come," Vedomosti quoted him as saying. Melikyan has recommended several people to succeed him, including some existing Central Bank employees, a bank employee said, without naming names.

(Interfax)