Some thoughts on the last 48 hours

TURKEY - Report 09 Nov 2020 by Murat Ucer

We have witnessed dramatic changes in economic management over the past 48 hours or so, with the replacement of CBRT Governor Murat Uysal by the former Finance Minister Naci Agbal, followed up by the very strangely executed resignation of the Treasury and Finance Minister Berat Albayrak. At the time of this writing, the latter was yet to be confirmed officially.

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