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Banking council to approve Central Bank's audit - Kudrin

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MOSCOW, March 16 (RIA Novosti) - Russia's National Banking Council will approve at its next session the Audit Chamber's decision to check the financial and economic activities of the Central Bank, the finance minister said Friday.

Alexei Kudrin said the Prosecutor General's Office recently completed checks of the Central Bank and their results will be also considered by the National Banking Council.

He said the Central Bank is controlled by the Russian parliament, not the government.

Russian media quoted some government and banking sources earlier Friday that Central Bank Chairman Sergei Ignatyev may be dismissed in the near future.

The banking community started discussing reshuffles in the Central Bank prior to parliamentary and presidential elections and following recent parliamentary hearings on banking supervision when the regulator was accused of creating its own order, violating the principle of presumption of innocence towards other banks, etc.

Central Bank's Deputy Chairman Viktor Melnikov and governor of the Tyumen Region (west Siberia) Vladimir Yakushev are named as Ignatyev's possible successors.

But a source in the Finance Ministry said no reshuffles should be expected in the Central Bank in the near future. He said Ignatyev's opponents had already made many fruitless attempts to dismiss him.

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