President of Nicaraguan Central Bank Replaced

Although the dismissal of Alberto Guevara took the business sector by surprise, the interim assumption by the general manager Ovidio Reyes has raised no objections.

Tuesday, January 21, 2014 reports that "The President, Daniel Ortega, appointed on Monday Ovidio Reyes as acting president of the Central Bank of Nicaragua, BCN, replacing Alberto Guevara, who will be transferred to other missions, according to an announcement by the government spokesperson Rosario Murillo".

"... The CEO of the National Committee of Sugar Producers, CNPA , Mario Amador, ... said the new Chair of the highest banking entity is a person with high levels of professionalism and technical ability."

Rodrigo Caldera, president of the Chamber of Industries (CADIN ) said : "We regret and are unaware of the causes of why this happened. We have just heard the news and we are as amazed as you to learn about it. "

More on this topic

Businessmen Hope for Continuity at Central Bank

February 2012

Business leaders are hoping that the Central Bank of Nicaragua will continue to maintain its independence from the central government after the departure of Antenor Rosales.

COSEP president, Jose Adan Aguerri regretted the resignation of Antenor Rosales as head of the Central Bank and hopes that the Government aspires to appoint officials who are not "puppets".

No Surprises: Ortega Reelected President

November 2011

Despite several complaints of irregularities and the most voted-for opposition candidates refusing to recognize his victory, President Daniel Ortega of Nicaragua will serve a second consecutive term.

After scrutinizing 85% of the polls, Nicaragua’s Supreme Electoral Council announced that interim results indicated that the Sandinista National Liberation Front (FSNL) and its candidate Daniel Ortega had garnered 62.56% of the total vote, while his closest follower, the Independent Liberal Party (PLI) and its candidate, liberal businessman Fabio Gadea, had only 30.87%.

Nicaragua: Constitutional Chamber Endorses Ortega's Reelection

October 2009

Nicaragua's Constitutional Chamber declared as inapplicable an article in the Constitution which prohibits a President from running two consecutive terms.

For its coming into effect, the sentence must still be ratified by the plenary of the Supreme Court.

Rafael Solís, vice president of the Court, remarked that "the ruling states that the President (...) may perfectly run for president in the next 2011 elections", reports

Nick Rischbieth is the new BCIE president

November 2008

Honduran Nick Rischbieth has been chosen to be the new executive president of the Central American Bank for Economic Integration.

Rischbieth, who will take over on December 1, will replace Nicaraguan Harry Brautigam, who died in an airplane accident in the Honduran capital in May, as the head of the Central American institution.

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