CaribWorldNews, WASHINGTON, D.C., Mon, Aug. 9, 2010: The Governor of the Central Bank of Suriname has passed away at the age of 74.
Governor André Telting reportedly died from a heart attack. His death was confirmed by President Ronald Venetiaan`s outgoing government. Telting had run the bank since 2000 and held the same position from 1993-1996.
`It was a shock,` said Venetiaan, who awarded Telting the nation`s highest decoration last week. `We really thought that for him the time had come to enjoy a rest.` Telting had been due to step down after Venetiaan hands power to incoming president Desi Bouterse on Aug. 12. He succeeded in stabilizing the economy and significantly reducing inflation down to single digits through sound and prudent monetary policies.
Governor Telting fought for, and ably achieved, price stability in Suriname, always with the interest of the common man and woman in mind, who suffer most under the evils of inflation
The IMF also reacted with shock to the passing of Telting. `It is with great shock and sadness that we have learnt of the sudden death of Governor André Telting, who also served as Alternate Governor on the Fund`s Board of Governors,` the IMF said in a statement. `During his long and illustrious career, and particularly over the past ten years as Governor of the Central Bank of Suriname, Mr. Telting was a staunch guardian of central bank autonomy and a trusted member of the economic leadership of Suriname. He will be greatly missed.`