Learn more

Turkey’s central bank governor Hafize Gaye Erkan on February 2 resigned, citing a local media “smear campaign”. Appointed just eight months ago by the country’s newly re-elected President Recep Tayyip Erdogan in a new push to end the country’s longstanding and deep-seated economic crisis, Erkan announced her resignation on her personal X account. She pointed to an apparent defamation campaign against her and said she was resigning to protect her family, including her baby. The Turkish lira (TRY) weakened by 0.6% against the USD to around 30.5 in the evening hours after news of Erkan quitting s…