Turkish president appoints new governor

Erkan faces exceptional challenges as questions remain over Erdoğan’s willingness to cede control

The Central Bank of the Republic of Turkey

Turkey’s president has appointed a new central bank governor, in a possible sign he may be changing his approach to the country’s economic crisis.

Recep Tayyip Erdoğan appointed Hafize Gaye Erkan today (June 9), 11 days after winning re-election by a narrow margin. He previously appointed Mehmet Şimşek as finance minister on June 3, leading some observers to hope he might adopt a new economic policy.

Erkan is the first woman to hold the top post at the Central Bank of the Republic of Turkey

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