Tag: unfounded

The post “President Erdogan Appoints Fatih Karahan as New Head of Turkey’s Central Bank Amid Media Scandal – Latest Update!” appeared first on News Usa Today.
President Erdogan has appointed Fatih Karahan as the new head of Turkey’s Central Bank following the resignation of Hafize Gaye Erkan. Karahan, previously the central bank’s Deputy Governor and a former senior economist at Amazon, is seen as a key player in stabilizing the Turkish economy through monetary tightening. Erkan’s resignation came amid a media scandal, with unfounded allegations against her family. Despite this setback, Erdogan and government officials express support for the economic program initiated under Erkan, which has attracted foreign investors and shown promising results in cooling inflation expectations. Karahan’s appointment is expected to continue the successful trajectory set by Erkan in restoring confidence in Turkey’s financial sector.