How can a corrupt central bank line the pockets of state-connected businessmen? A report from AllAfrica.com counts the ways the Kenya Central Bank has done it:And they also have a post on Turkey's newly nominated CB leader. Who adheres to sharia, the Muslim law prohibiting the charging of interest. Pretty good idea to put someone like that in charge of interest rates.
1. Printing extra cash for the government to disburse.
2. Sweetheart deals on (controlled) foreign exchange.
3. Sweetheart deals on government bonds.
4. Favoritism in bank supervision.