Turkiye Erdogan appoints former Goldman Sachs executive as new Central Bank chief

Turkiye's President Recep Tayyip Erdogan has appointed a former Wall Street banker, Hafize Gaye Erkan, as the country's new Central Bank Governor – another move that could potentially mark a policy pivot away from economic unorthodoxy, Reuters reports. According to the report, Erkan, Turkiye's first female Central Bank chief, was a former Managing Director at Goldman Sachs and co-CEO at First Republic Bank. She is also Turkiye's fifth Central Bank Governor in four years. The Turkish lira has been extending its plunge since the re-election of Erdogan, and last traded at 23.47 against the dollar. READ: Turkiye's expected foreign policy with Erdogan again at the helm

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