Tunisia

President sacks CB chief


Published

President Moncef Marzouki has sacked the Governor of the Central bank, Mustapha Kamel Nabli, for pursuing policies that were not in line with the economic policies of the government.

The governor, an ex-World Bank economist was brought in after the fall of former dictator Zine El Abidine Ben Ali last year. Since then he has pursued a very independent course, cutting interest rates and keeping the currency high, but it is as much about what he has failed to do such as supporting the banking sector that landed him into trouble.

The move by the president comes after further controversy between the president and prime minister over the extradition of former Libyan prime minister Baghdadi Mahmoudi which was done without the president’s knowledge.

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