YEREVAN, March 11. / ARKA /. Cyprus has appointed Chrystalla Geoghadji as the new governor of the country's central bank; Prime reported citing Cyprus media reports.

Geoghadji has been Cyprus's auditor general since 1998. She will take up take up her new post on 11 April.

The appointment follows yesterday's announcement by the government confirming the resignation of its central bank governor Panicos Demetriades.

Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said. Demetriades has been in his post for almost two years.

Demetriades represents Cyprus on the ECB governing council.

A statement from Cyprus's presidency said Demetriades would work out his notice and step down on April 10. -0-