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Iraqi PM replaces Central Bank governor over currency drop

Iraq Mohammed Shia alSudani Al Jazeera Iran US Dollar

The Iraqi dinar hit new lows on Friday, reaching about 1,670 to the United States dollar [File: Asaad Niazi/AFP]

Iraq’s prime minister has 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 Central Bank of Iraq Governor Mustafa Ghaleb Mukheef told him he no longer wishes to stay on the job, the Iraqi News Agency reported on Monday.

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