Erdogan fires governor of Turkish central bank

Last updated: 7th November 2020 3:39 am

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Sacking of the last two governors (Murat Cetinkaya & Murat Uysal) within just 16 months is first in the history of Turkish Central Bank.

Turkey’s President Erdogan fired Murat Uysal as central bank governor early Saturday and replaced him with former finance minister Naci Agbal, who was until now the head of the Strategy and Budget Presidency.

Agbal headed the finance ministry from 2015-2018 and left his post to Berat Albayrak, the current minister.

Ibrahim Senel, deputy head of the Strategy and Budget Presidency, was also appointed new head of the agency, according to a presidential decree issued in the Official Gazette.

Murat Uysal was appointed governor of the bank in July 2019, after former governor Murat Cetinkaya was dismissed.

Former Economy Minister Nihat Zeybekci was also appointed to the Economic Policies Committee.

Agbal headed the finance ministry from 2015-2018 and left his post to Berat Albayrak, the current minister.

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