09 June 2023; MEMO: Turkiye's President Recep Tayyip Erdogan has appointed a former Wall Street banker, Hafize Gaye Erkan, as the country's new Central Bank Governor – another move that could potentially mark a policy pivot away from economic unorthodoxy, Reuters reports.
According to the report, Erkan, Turkiye's first female Central Bank chief, was a former Managing Director at Goldman Sachs and co-CEO at First Republic Bank.
She is also Turkiye's fifth Central Bank Governor in four years.
The Turkish lira has been extending its plunge since the re-election of Erdogan, and last traded at 23.47 against the dollar.
