© Reuters. FILE PHOTO: A emblem of Turkey’s Central Bank is pictured on the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla Gurdogan/File Photo
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan named deputy central bank Governor Fatih Karahan as Turkey’s new central bank governor, the official gazette stated early on Saturday.
Karahan’s appointment got here hours after central bank governor Hafize Gaye Erkan introduced her resignation on Friday evening on X, citing partially a necessity to guard her household amid a “reputation assassination”.
Fatih Karahan, 42, has a University of Pennsylvania economics PhD and labored as an economist on the Federal Reserve Bank of New York for nearly a decade, in line with his biography on the central bank web site.
Karahan additionally taught as an adjunct professor at Columbia University and New York University and labored for Amazon (NASDAQ:) as a principal economist in 2022.
Erdogan had appointed Karahan as one of many three new deputy governors to the central bank in July final 12 months.