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Turkey Central Bank Removes Chief Economist, Key Officials

  • Management reshuffle comes month after governor was replaced
  • Many external hires from former governor era were dismissed
Pedestrians pass the headquarters of the Turkish central bank in Ankara, Turkey.

Pedestrians pass the headquarters of the Turkish central bank in Ankara, Turkey.

Photographer: Miguel Angel Sanchez/Bloomberg
Updated on

Turkey’s central bank made the biggest overhaul to its senior management in recent years, a month after President Recep Tayyip Erdogan unexpectedly fired the bank’s governor.

At least nine high-ranking officials were removed on Thursday, including chief economist Hakan Kara, according to two officials with direct knowledge of the matter, who asked not to be named and cited an internal announcement.