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Iraqi Government Seeks Control Over Central Bank

Some speculate that the deputy governor of Iraq’s central bank’s arrest for embezzlement is an attempt by the government to expand its control of the financial body, writes Omar al-Shaher.
A customer changes U.S. dollars to Iraqi dinars at a money changer in Baghdad October 1, 2012. Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. Picture taken October 1, 2012. To match IRAQ-ECONOMY/DINAR REUTERS/Saad Shalash (IRAQ - Tags: BUSINESS POLITICS)

Iraqi activists and journalists have tried to exert pressure on the authorities in Baghdad to release Mudher Mohammed Saleh, deputy governor of the Central Bank of Iraq (CBI) after he was arrested on charges of embezzlement of public funds.

Saleh, who has a PhD in economics from an American university, has been detained for over a month and a half at a police station in central Baghdad. The 65-year-old professor of economics at the University of Baghdad voluntarily turned himself in to Iraqi authorities after an arrest warrant was issued against him.

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