Erdogan appointed Fatih Karahan as Turkey’s central bank governor

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at 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 said early on Saturday.

Karahan’s appointment came hours after central bank governor Hafize Gaye Erkan announced her resignation on Friday night on X, citing in part a need to protect her family amid a “reputation assassination”.

Fatih Karahan, 42, has a University of Pennsylvania economics PhD and worked as an economist at the Federal Reserve Bank of New York for almost a decade, according to his biography on the central bank website.

Karahan also taught as an adjunct professor at Columbia University and New York University and worked for Amazon (NASDAQ:) as a principal economist in 2022.

Erdogan had appointed Karahan as one of the three new deputy governors to the central bank in July last year.

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