Turkey: Head of central bank dismissed

ANKARA

Turkish Central Bank Governor Naci Agbal was dismissed and replaced with former MP professor Sahap Kavcioglu, according to a new presidential decree published in the official gazette early Saturday.

Agbal was appointed governor in November 2020 after former governor Murat Uysal was dismissed.

He headed the finance ministry from 2015-2018.

Kavcioglu was an MP in the ruling AK Party from 2015 to 2018.