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Alfred DeMarco was appointed Deputy Governor of the Central Bank of Malta on 1 April 2010. Prior to his appointment he held the post of Director, Economics and External Relations Division in the Bank, which is mainly responsible for economic research, statistics and the Bank's international relations. He is a career central banker having risen through the ranks after joining the Bank in 1969. He is an economics graduate and also holds professional qualifications in banking studies. For most of his career he worked in the Bank’s Economic Research Department as a senior economist and then as the Head of that department.
Over the past ten years he was directly involved in Malta’s EU membership preparations and negotiations in the areas of monetary policy, the liberalisation of the financial sector and the removal of capital controls. Subsequently he played an active role in the preparations leading up to Malta’s adoption of the single currency and the participation of the Central Bank of Malta in the Eurosystem. Mr DeMarco is a member of the Monetary Policy Committee of the European Central Bank as well as of a number of other international committees.
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