MANILA (UPDATE) – Former Press Secretary and Presidential spokesperson Ignacio Bunye has resigned as member of the Bangko Sentral ng Pilipinas' (BSP) policymaking Monetary Board, citing the health condition of his wife who remains ill.
Bunye's resignation takes effect on February 16, five months ahead of his six-year term expiration on July 2.
The President appoints members of the Monetary Board, which is chaired by the central bank governor. The other members of the Monetary Board are Finance Secretary Cesar Purisima, Alfredo Antonio, former Trade Secretary Peter Favila, former Socioeconomic Planning Secretary Felipe Medalla, and former BSP Deputy Governor Armando Suratos.
Bunye served as press secretary and presidential spokesperson under former President Gloria Macapagal-Arroyo.
Prior to joining the Arroyo Cabinet, he served as mayor of Muntinlupa City, chairman of Metropolitan Manila Development Authority, and as a member of the Lower House representing the lone district of Muntinlupa City.
Bunye served as adviser to the Numismatic Committee, the Currency Management Committee and was a member of the Board Risk Management Committee. He wrote weekly columns for Manila Bulletin, Tempo and People's Tonight on money, credit and finance.
He authored the sold out book "Central Banking for Every Juan and Maria", which laymanized central banking for Filipinos.