In September 1990 he became Governor of the National Bank of Romania, a position that he has retained since (except for the short period when he served as Prime Minister).
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Isărescu declined the offer from President Băsescu, refusing to re-assume his former office in order to remain Governor of BNR.
The current Governor is Mugur Isărescu, the longest continuous serving Governor, with a one year interrumpion between December 1999 and December 2000, when he served as Prime Minister.