New monetary boss in Saudi Arabia

Bloomberg, reporting on one of the past weekend's major central banking stories:

Saudi Arabia appointed Ahmed AlKholifey as central bank governor, replacing Fahad Al Mubarak as part of a government reorganization, the official Saudi Press Agency reported.

AlKholifey, named to the role in a royal order from King Salman, was previously deputy governor for research and international affairs at the central bank, the Saudi Arabian Monetary Agency.

Following earlier appointments in Ghana, Turkey, Malasia as well as Australia, this is yet another case of one of the deputy governors being promoted to take the top central banking job.

In Saudi Arabia, the announcement came as part of a major government reshuffle, apparently engineered by Deputy Crown Prince Mohammed bin Salman.