Turkey Appoints New Deputy Central Bank Governor

Deputy governors Semih Tumen and Ugur Namik Kucuk dismissed, according to presidential decree.

Turkey has appointed a new deputy governor to the country's Central Bank and a new member to the bank's Monetary Policy Committee (MPC) while dismissing two deputy governors and one MPC member.
According to a presidential decree early Thursday, Taha Cakmak has been appointed as the new deputy governor of the bank while Yusuf Tuna was appointed as a member of the committee.
Deputy governors Semih Tumen and Ugur Namik Kucuk and MPC member Abdullah Yavas were dismissed, said the decree issued via the Official Gazette.
The development comes after President Recep Tayyip Erdogan and Central Bank Governor Sahap Kavcioglu met late Wednesday in the capital Ankara. -