Head of the Central Bank of Nicaragua removed by decree

nicaragua

The president of the Central Bank of Nicaragua (CBN), Alberto Guevara, was given a different, as yet unknown, position within the government last week, following a decree by president Daniel Ortega that could violate a national law ensuring the central bank's independence.

Guevara became head of the CBN in February 2012, after his predecessor, Antenor Rosales, stepped down amid rumours of a falling-out with the government over Ortega's plans to give 1% of the central bank's reserves to the Bank

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