Turkey dismisses central bank governor amid steep lira slide ...Qatar

Turkish President Recep Tayyip Erdogan dismissed central bank governor Murat Uysal yesterday and replaced him with ex-finance minister Naci Agbal, acting after a 30% fall in the lira currency’s value this year. The decision to replace Murat Uysal gives Turkey its fourth central bank governor in five years. The presidential decree was announced in the early hours on Saturday in Turkey’s Official Gazette and gave no reason for the move. Analysts said that while Agbal is a close Erdogan ally, he is seen as a capable manager who could take a more orthodox approach to policy. That could ease concerns that have driven Turks to snap up hard currencies at record levels. “Uysal’s leadership had been

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Turkey dismisses central bank governor amid steep lira slide ...Qatar

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