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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Iraqi PM Replaces Central Bank Governor over Currency Drop

central bank Iraq
A man counts US dollar banknotes at al-Kifah stock market in Baghdad on December 27, 2022 as the value of Iraqi dinar against US dollar drops further. (AFP)

Iraq’s prime minister on Monday replaced the governor of the country's Central Bank following a weekslong plunge of the Iraqi dinar, the state news agency reported.

Prime Minister Mohammed Shia al-Sudani made the move after the governor, Mustafa Ghaleb Mukheef, told him he no longer wishes to stay in the job, the Iraqi News Agency said. Mukheef, who was in the post since 2020, was replaced by Muhsen al-Allaq, a former central bank governor, the agency added.

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