Türkiye’s economy and the shock of the resignation of the head of the central bank
| Ms. Erkan's resignation showed that the role of social networks and virtual space in the political-economic developments of countries is much higher than what Erdogan's team imagined. |
Experts believe that the complaint of a veiled female employee named Boshri Bouzcourt, who was fired at the request of the father of the head of the central bank, was the key to the events that led to the scandal and resignation. But Ms. Rais denied the claims and said that her lawyers are pursuing the goals of these false accusations.
maybe multiply The old adage was a flower and it was decorated with greenery, so it applies to the current situation of the Turkish economy. Because the economic crisis continues in this country, the price of the American dollar is close to 31 lira and while The head of the central bank, who had promised to soon fill the treasury with dollars and gold, was suddenly forced to resign.
To prevent the psychological impact of the news on the currency market. But it is already predicted that the dollar will rise again on Monday morning.
Hazeh Ghaye Arkan with a doctorate in economics And educated at Princeton and Harvard universities in America, she was introduced with a great uproar as the first woman who was able to hold the position of head of the Central Bank of Turkey. He left his job in America with an income of nearly 400,000 dollars a year and returned to Turkey to bring Turkey’s stormy economic ship to a safe shore together with Mehmet Şimşek, the Minister of Finance and Treasury. spilled Although there are such aspects in the lives of many other managers and officials in Turkey, but the cyberspace, especially Twitter and Instagram, did their job and published so much news about the financial abuse of Mrs. Rais’s family that she was forced to resign. /span>
Troublesome father
Erul Ghaye Arkan was a retired employee and spent his time in the coffee house playing dominoes. But when his daughter became the president of the central bank, she took over a small unit on the top floor of the huge tower of the central bank and intervened like an official in all human resources matters of the bank.
He even slapped a veiled female employee in the face and fired her. Mrs. Rais gave her father an office car and a government driver and ordered that food be sent home from the central bank restaurant every day.
The house in Istanbul is more expensive than Manhattan, New York, and he is forced to live in his mother’s apartment. But the media soon showed that he bought a luxurious villa in Izmir worth more than one million euros! The position has sent his resume to the good party to work as an economic advisor of this party. Meanwhile, the good party led by Mrs. Meral Akhsner is one of Erdoğan’s sworn enemies! These were the yellow margins of Mrs. Arkan’s life, which caused her dismissal very soon.
Following the sudden resignation of the Central Bank Governor, Mehmet Şimşek, the Minister of Treasury and Finance of Turkey issued a statement. He announced that Arkan’s resignation was his personal decision. He emphasized that the economic program designed under the leadership of President Recep Tayyip Erdogan continues without interruption. supported and fully trusted, he clarified that Arkan’s decision to resign was completely personal and they respect this decision.
Of course, it is not clear why who usually tweets in Turkish, this time he sent a message in English about Mrs. Erkan and considered her resignation as a personal choice. But experts say, Erdogan had no knowledge of Arkan and had signed the order of appointment based solely on Shimshak’s strict advice, and there have been scandals, which have practically embarrassed Shimshak in front of the president.
p class=”CxSpMiddle” dir=”RTL”>The reaction of Turkish economists to the resignation of Mrs. Rais
Following the surprise resignation of the head of the Central Bank of the Republic of Turkey, the important figures of the Turkish economy shared their views and assessments, and after this resignation, several comments were made in economic circles.
Professor Dr. Selva Demiralup of Turkish academicians wrote: “This change is for personal reasons and does not indicate a new turn in monetary policy. Ms. Arkan’s departure may have a positive effect on restoring the credit of the Central Bank of Turkey. The changes of the previous 3 governors of the central bank had severe financial consequences because of the sudden turn of the government in setting monetary policy. But this time, personal issues are involved”.
Iris Jibre, one of the other Turkish economists, also said: “I ask everyone to keep calm. What is important is the central bank’s roadmap and its grand plan. If not, individual change cannot play an important role. If Mehmet Shimshek stays in his position and Osman Judet Akchai continues to play an active role, there will be no problem. Ms. Erkan had no choice but to resign because she had lost her respect and credibility and was in a position where she could not support her team”.
Prof. Dr. Ozgur Demirtash also said: “If Akchai becomes the head of the central bank, the policies will continue in a better way, and such a change is very good for our country.” I have said many times, if Judet Akchai becomes the head of the Central Bank, the policy of the Central Bank will continue much better than where it stopped”.
And many other economic analysts of Turkey did not come true and Akcay is supposed to be the deputy governor of the central bank. /Uploaded/Image/1402/08/23/1402082314150418728766564.jpg”/>
Erkin Shahin Oz also said: “Kunun Erkan’s father brought shame . He practically interfered in the administrative affairs of the central bank and destroyed his daughter’s credit. We actually witnessed the assassination of a character and these strange side effects had a wide reflection in economic circles. But the general opinion of economic experts is that this development may help strengthen the central bank and increase its credibility.
Who is the new head?
The head of the Central Bank of Turkey has been changed 4 times since Erdogan became the president. This shows a feverish period and dangerous ups and downs in the economic system of this country. Turkish historian and political analyst has written a book about this issue. Qathuri’s book with the title “They didn’t listen”. It was that the boss should be obedient to him. But this policy of Erdogan and direct intervention in determining the monetary-financial policy has damaged the Turkish economy by more than 100 billion dollars, and the finance minister and the new president agreed to accept responsibility under the condition that Erdogan does not interfere in their work.
After the unexpected resignation of the head of the Central Bank of Turkey, Dr. Fateh Karakhan was appointed as the new head with the signature of Erdogan. This sentence from the decree signed by Erdogan attracted the attention of the media: “Since the previous president has been dismissed, I appoint you”.
In other words, the news of his resignation was a polite expedient to preserve their members, and the objective fact is that he was removed on the order of the president so that his sidelines would not become a news tool against the ruling party during the elections.
The new president is also young and born in 1982. After completing his university studies in the departments of mathematics and industrial engineering at Bogazici University, Karakhan continued his academic work with a master’s degree and a doctorate in economics at the University of Pennsylvania. He started at the Federal Reserve Bank of New York in 2012 and has held important positions such as Head of Labor and Product Market Studies and Monetary Policy Advisor for 10 years.
He also shared his knowledge and experience with students as a part-time lecturer at Columbia University and New York University, and started working as a senior economist at Amazon in 2022.
| Publisher | Tasnim News |
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