Türkiye appoints new central bank governor

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye appointed Fatih Karahan as the new governor of the central bank early Saturday after Hafize Gaye Erkan resigned late Friday.

Karahan, 42, was deputy governor of the bank since July 28.

He graduated from the mathematics and industrial engineering department at Türkiye's Bogazici University and has a doctoral degree in economics from the University of Pennsylvania.

He previously served as an economist, a team leader of labor and product market studies and a monetary policy advisor with the Federal Reserve Bank of New York.

Serving also as a lecturer at Columbia and New York Universities, he became a senior economist at Amazon and was appointed principal economist with the company.

Hafize Gaye Erkan governed the bank since June 8, 2023.