DRASTIC DECISIONS BY TURKISH CENTRAL BANK

Turkish central bank has dismissed, its chief economist and many of the department managers. According to some resources, all dismissed staff were all assigned to their positions 3 years ago by former Turkish Central Bank president Murat Çetinkaya. Çetinkaya was relieved from duty on July 6 by President Recep Tayyip Erdoğan.

Many managers and general managers have been demoted to different roles by the decision of bank council. The meeting which this drastic decisions were made, held yesterday and the decisions are effective from today.