Iraqi PM replaces governor after fraud drives currency fall
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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