Iraqi PM replaces governor after fraud drives currency fall

Dinar falls after US clampdown on dollar transfers following reports of massive fraud


Iraq’s prime minister has replaced the country’s central bank governor amid a US clampdown on dollar transfers, a plummeting currency and allegations of major corruption.

Prime minister Mohammed Shia al-Sudani removed Mustafa Ghaleb Mukheef from office on January 23, the official news agency reported. Al-Sudani appointed Muhsen al-Allaq, who led the Central Bank of Iraq from 2014 to 2020, as acting governor.

Some reporters said Mukheef, who had held the post since September 2020, had resigned

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