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Lira Plunges After Erdogan Appoints Co-CEO Of Failed First Republic Bank As New Central Bank Governor
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