March 20, 2021

Europe

TURKEY: “Erdoeconomics” disciple appointed Central Bank Governor

BY Wolfango Piccoli

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( 3 mins) President Tayyip Erdogan dismissed the head of Turkey’s Central Bank (TCMB) Naci Agbal and replaced him with Sahap Kavcioglu, according to a presidential decree published late last night in the official gazette. No official reason for Agbal’s sacking has been given, which was announced after the TCMB hiked rates by 200 basis points to 19% […]

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