El Salvador central bank chief quits after five months
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
El Salvador’s central bank president stepped down on November 26 on the request of the country’s president, after being appointed less than five months ago.
Carlos Federico Paredes became governor on June 1 in a cloud of uncertainty regarding his alleged involvement in a fraud scam dating back to 2008. The accusations, which Paredes pleads innocent to, concern a sale of land that was reportedly not delivered.
Paredes told TV news programme Republica: “I interpret the president wanted to send a
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