Bank watchdog quits as Turkey brings in outsider

The head of Turkey's banking watchdog resigned suddenly on Mar 3, 2001, casting a shadow over the appointment of an economic "superminister" to solve Turkey's woes.

Zekeriya Temizel submitted his resignation less than 24 hours after World Bank economist Kemal Dervis was appointed to oversee the Treasury, with responsibility for the Banking Supervisory Board and other key institutions. It appears Temizel was unhappy that he would now report to Dervis rather than the Prime Minister Bulent Ecevit.


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