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Perng Fai-nan retains top-tier central banker position for 14th year

2017-08-31
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Taipei, Aug. 30 (CNA) Taiwan's central bank governor Perng Fai-nan was again named among the world's top-tier central bankers by New York-based Global Finance magazine, the only person in the global banking industry to feature in the rankings for 14 consecutive years.

Global Finance on Tuesday released its 2017 report cards for the world's most influential central bankers which grade the central bank governors of 83 key countries and the European Union on a scale from "A" to "F" for success in areas such as inflation control, economic growth goals, currency stability and interest rate management.

This was the 14th "A" grade the 78-year-old central banker has received since 2005.

Other central bank chiefs given an "A" in the annual report this year were the heads of central banks in Australia, Honduras, Israel, Lebanon, Morocco, Paraguay, Russia and the United States.

Perng, who is known for his tough stance against currency speculation and for keeping a firm grip on Taiwan's exchange rate, has been the country's central banker since February 1998.

Perng played a key role in guiding Taiwan through the 2000 dotcom bubble, the property market collapse following the 2003 SARS epidemic, the 2008-2009 global financial crisis and the European debt crisis that started in 2010. 

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