Turkey President Erdogan ousts central bank governor as lira slides: Report


By Daren Butler, Orhan Coskun and Nevzat Devranoglu ISTANBUL/ANKARA (Reuters) - Turkish President Tayyip Erdogan fired central bank governor Murat Uysal on Saturday and replaced him with ex-finance minister Naci Agbal, acting after a 30% plunge in the lira currency's value to record lows this year.

The decision to replace Murat Uysal gives Turkey its fourth central bank governor in five years and could stoke longstanding criticism about political interference in monetary policy. The presidential decree was announced in the.....

This article is no longer available in our repository.

There could be multiple reasons for this.