Monrovia – President George Manneh Weah has named Nathaniel R. Patray as the new governor of the Central Bank of Liberia.
Patray’s appointment comes barely 24 hours after the President accepted the sudden resignation of J. Milton Weeks who was just in the second year of a five-year tenure at the Central Bank.
Weeks has not made public reasons for his resignation. However, sources within the Executive Mansion hinted FPA that Weeks had been adamant on signing documentations sealing the government’s consolidated account as sovereign guarantee to secure the US$536 million loan from ETON Private Finance Limited.
Weeks, according to sources, was also blamed by the Executive for doing little to curb the soaring foreign exchange rate between the U.S and Liberian dollars.
In a related development, the President also made the following developments at the National Security Agency, Edward Sharpe – Deputy Director/Planning Research & Analysis; Emmanuel Jackson – Assistant Director/Planning Research & Analysis and Todd Garlo – Assistant Director/Administration.