Timur Ishmetov will be appointed governor of the Central Bank of Uzbekistan. He will replace Mamarizo Nurmurodov, who was dismissed from the post of governor of the Central Bank today, December 11.
President Mirziyoyev submitted a proposal to the Senate to sack Nurmurodov from his post. Mamarizo Nurmurodov, 64, had been in charge of the monetary policy since June 2017 and had played a key role in reforms of the banking and financial sector, in particular, in the liberalization of the Uzbek soum.
Prior to this appointment Timur Ishmetov, 45, served as First Deputy Advisor to the President.
He graduated from the Tashkent Institute of Finance in 2000, and in 2005 got a graduate degree in finance and banking from the University of Birmingham. In 2007, he graduated from the Faculty of Law of the Tashkent University of Law.
He spent 19 years of his 24-year career at the Central Bank.
