Economics
Rattled Analysts Wonder What Will Become of Turkish Central Bank
- There’s concern over the president’s influence in the country
- President Erdogan names his son-in-law as economy chief
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Investors have a lot to digest given the changes in Turkey over the past 24 hours.
The lira plunged, then it jumped, and its been swinging ever since President Recep Tayyip Erdogan appointed his son-in-law, Berat Albayrak , as economy czar in the new administration and assumed exclusive power to name the central bank governor under Turkey’s newly adopted executive presidential system.