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Iraq's former central bank governor refutes corruption charges
- Iraq: Sunday, November 11 - 2012 at 01:08
The former governor of Iraq's central bank has dismissed as "baseless" charges against him, and accused authorities of compromising the bank's independence to access its reserves, AFP has reported. The government had been "spoiled" by a stable exchange rate for several years, and a warrant for his arrest for suspected mismanagement of the central bank of Iraq and currency manipulation had blown relatively minor foreign exchange fluctuations out of proportion, Sinan al-Shabibi told the news service. "Since 2009, they wanted to fire me, and they wanted money from the reserves," Shabibi said. "They were spoiled by the stability of the exchange rate (in recent years), and they used this against the central bank. They did not find any other faults, any problems. They said this is the problem, and they branded that as a failure of the central bank."
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