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  • lechekaflan@lemmy.worldEnglish
    1·
    1 year ago

    https://business.inquirer.net/407127/biz-buzz-remolona-drops-us-citizenship

    After spending a good part of his illustrious career on foreign soil—14 years at the Federal Reserve Bank of New York and 19 years at the Bank for International Settlements, among others—newly appointed Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona was ready to return to the Philippines and contribute what he can to nation-building.

    Remolona was so serious about his intent to give back to the country that he gave up his American citizenship with the help of Finance Secretary Benjamin Diokno, a colleague from their early days at the School of Economics of the University of the Philippines.

    Like many Filipino professionals based abroad, Remolona held dual citizenship. But now, he is solely a Filipino citizen.

    Some people would call him crazy to give up what they thought is the ultimate privilege card. However, it remains to see how well he would perform as the new BSP chief.