File - A police officer reacts as he walks past the white-gray plaster and perlite creations that look like toilets outside of the gate of Cyprus central bank building in Nicosia, Cyprus, Monday, June 10, 2013.(AP Photo/Petros Karadjias)
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The appointment of Chrystalla Georghadji to replace Cyprus' outgoing central bank chief Panicos Demetriades will help heal a rift between the central lender and the government, a former governor at the institution said.President Nicos Anastasiades Tuesday named Georghadji, the country's auditor general since 1998, to head the central bank starting April 11, Cyprus government spokesman Christos Stylianides said.Georghadji, 57, who will be the first woman to lead Cyprus' central bank, was formerly deputy chairperson of the Cyprus Securities and Exchange Commission and also previously headed the country's service for supervision of insurance companies. Both Draghi and European Commissioner for Economic and Monetary Affairs Olli Rehn have said they disapproved of attempts to pressure Cyprus' central bank.Cyprus last year agreed to a 10 billion euro bailout that included imposing losses on uninsured depositors at the country's two biggest lenders.
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