Central bankers are a risk-averse tribe. But Sinan al-Shabibi risks his life every time he drives to his office in downtown Baghdad. Government officials are killed or kidnapped every day by insurgents who see them as traitors for cooperating with the American "occupiers." "If I told you that sort of thing doesn't worry me, I would not be telling the truth," says al-Shabibi, 63. "[The insurgents] make my job more, shall we say, interesting?" Since he took over as central-bank governor a year ago, al-Shabibi, a former economist at the Geneva-based U.N. Conference on Trade and Development, has given the bank's...
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