Turkish President Tayyab Erdogan has fired the central bank governor following a series of currency declines.
According to Arab media, the Turkish currency, the lira, has depreciated by a record 30 percent since the beginning of the year. Turkish President Recep Tayyab Erdogan has called on the central bank's governor Has been removed from office and the former finance minister has been appointed governor.
According to media reports, the governor of the central bank has been immediately removed from office under a presidential decree, but no other clear reason has been given for his removal. Arab media say that due to the elections in the United States, markets Despite the dollar depreciating due to uncertainty, the Turkish lira depreciated by a record 8.58% against the dollar on Friday.
According to Arab media, Tayyab Erdogan appointed the ousted central bank governor in 2019.
The new central bank governor served as Turkey's finance minister from 2015 to 2018, after which he was appointed head of the presidential directorate's strategy and budget.
