Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

World against US Recognizing Al-Quds as Israeli Capital

World against US Recognizing Al-Quds as Israeli Capital

undefined
Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

undefined
Awamiyah: Saudi Regime Killing Own Civilians

Awamiyah: Saudi Regime Killing Own Civilians

undefined
Qatar Row Deepens Persian Gulf States Rifts

Qatar Row Deepens Persian Gulf States Rifts

undefined
Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
ISIS Terrorist Group

ISIS Terrorist Group

A terrorist group that fights against Resistance Axis in Syria and Iraq. It was founded & armed by America and its allies covertly.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.com
News

Turkey Fires Central Bank Governor amid Policy Differences with Erdogan

Saturday 6 July 2019
Turkey Fires Central Bank Governor amid Policy Differences with Erdogan

Alwaght- Turkey has fired on Saturday its central bank governor and replaced him with the bank's deputy governor amid high inflation, an economic slump, and volatility in the lira currency and high inflation.

According to a presidential decree published on the official gazette on Saturday, Murat Cetinkaya, who had been serving as Turkey’s central bank governor since April 2016, was removed from his post and replaced by his deputy Murat Uysal.

The central bank said in a statement that it would continue to operate independently and that its new governor would focus on maintaining price stability as the country faces volatility in the lira currency.

The sacking came amid latest speculations that Cetinkaya could be replaced due to disagreements with the government of Presidnet Recep Tayyip Erdogan on cutting interest rates.

Erdogan has repeatedly called for lower interest rates to stimulate growth in the country.

Two Turkish government sources told Reuters that differences between the government and the central bank governor have deepened recently over the conduct of monetary policy.

“The difference of opinions between the governor and the ministers in charge of the economy has deepened in the recent period,” said one of the sources.

“The president and the finance minister demanded his resignation, but Cetinkaya reminded of the bank’s independence and declined to resign,” the other source noted.

Meanwhile, the main opposition Republican People’s Party (CHP) raised concerns about the central bank's credibility following the sacking.

"Those who removed the central bank governor overnight have lost the right to demand confidence in the country's economy. The central bank is a captive being kept in the palace," said CHP spokesman Faik Oztrak.

Turkey’s debt-soaked economy is currently in recession after a currency crisis last year chopped 30 percent from the lira and sent inflation and unemployment soaring.

The Turkish president has suggested the West is behind the country’s financial turbulence.

In August 2018, he accused the US of waging economic “war” on Turkey, saying that dollars, euros and gold were now “the bullets, cannonballs and missiles of the economic war being waged against our country.”

In recent weeks, there have been rumors of a Turkish cabinet reshuffle, which could see the removal of Berat Albayrak, Erdogan’s son-in-law who is the country’s finance minister, from his post.

 

Tags :

Turkey Erdogan Economy

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Turkish Police Disperse Kurdish Protesters after Ousting of Three Mayors

Turkish Police Disperse Kurdish Protesters after Ousting of Three Mayors