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Germany's Weidmann gets 3rd term as head of BIS board

FRANKFURT (Reuters) - Bundesbank President Jens Weidmann was reelected for a third three-year term as the Chair of the Bank for International Settlements, an umbrella organisation of the world's central banks, the BIS said in a statement.

Weidmann has been the Chair of the BIS board since Nov 2015 and his term will now expire in late 2024.

(Reporting by Balazs Koranyi; Editing by Francesco Canepa)