The currency Lira has plunged after President of Turkey Erdogan appointed Hafize Gaye Erkan, the co-CEO of the failed First Republic Bank, as the new Central Bank Governor.
Turkish President Erdogan, fresh from his re-election as president, has named Hafize Gaye Erkan as the new central bank head - and first ever female CBRT governor - replacing Sahap Kavcioglu in a move that some optimists claim may signal an attempt at returning to more conventional monetary policy...
