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After the closing of the markets on Friday, the period until this morning witnessed major storms in economic management. First, on Friday night, the Governor of the Central Bank, Murat Uysal, was removed from office and replaced by Naci Ağbal. Then, the Minister of Finance and Finance, Berat Albayrak, shared his resignation last night from his Instagram account.
The dollar / TL, which closed last Friday at the 8.51 level, was down to 8.18 as of this morning. The euro / TL fell from 10.12 to 9.75 on Friday.
At Borsa Istanbul, the BIST 100 index started the week at 1,217 points with an increase of 2.10 percent.
The fall in exchange rates accelerated after the statement by the new CBRT governor, Naci Ağbal, “Until the Monetary Policy Committee meeting on November 19, 2020, the current situation and expectations will be reviewed, it will be monitored in the evolution is close and the necessary political decisions will be taken in light of the data and evaluations that are formed. “
Normally, the US elections and the evolution of the coronavirus were followed in the course of exchange rates, but recent events made the domestic agenda gain weight.
