With her exceptional education, extensive experience, and youthful dynamism, Hafize Gaye Erkan sparked enthusiasm at home as well as abroad by assuming crucial position in economic management as the new governor of the Central Bank (CBRT). However, she has come to this position at a crucial time when the Turkish economy is so fragile with
With the noticeable move to loosen government controls on foreign currency, combined with some uncertainty, the Turkish lira tumbled to record lows against the dollar, and one dollar skyrocketed to 23.22 on the evening of June 7. However, the rate had been just under 20 liras on the last working day before the election, while
On June 3, President Recep Tayyip Erdoğan first took the oath of office at the Turkish Grand National Assembly and began his third term as president after winning the elections on the second round on May 28. Then he laid flowers at the mausoleum of Mustafa Kemal Atatürk at Anıtkabir in the rain, and later,
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