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The change that began in economic management after the resignation of Berat Albayrak from the Ministry of Finance and Finance last November continues with the effect of internal and external events.
The latest example of this happened yesterday in Borsa Istanbul (BIST). It was announced that the General Manager of BIST, Hakan Atilla, who learned that he was on leave at the end of February, yesterday presented his request to resign from the Board of Directors of BIST and it was accepted: Due to the resignation of Mehmet Hakan Atilla from his position of CEO from 08.03.2021 at his own request, his resignation was accepted with the decision of the board of directors dated 08.03.2021. The decision of our Stock Exchange has been notified to the Capital Markets Board. “As will be recalled, Hakan Atilla was arrested during a trip to this country accused of violating Iranian sanctions while he was deputy general director of Halkbank, later he was tried and sentenced to 32 months in prison in May 2018. Atilla, evicted in July 2019, was received at the airport for a period by Berat Albayrak, Secretary of the Treasury in exchange for Turkey, after the Istanbul Stock Exchange As of October 2019, he was appointed General Manager.
EXPECTED FROM
The sanction case against Halkbank is still ongoing in the US and a decision is expected to be issued soon. The figure that is being talked about for possible punishment is 20 billion dollars. A series of behind-the-scenes information quickly began to be discussed about the reasons for Atilla’s resignation.
This is one of the most striking made by the Financial Times (FT) newspaper: FT resignation “This separation may be a gesture to improve relations between the United States and Turkey,” said Wang. It is said in the domestic and foreign backstage that This is a new step by the government of President Tayyip Erdogan, which wants “good relations” with the United States. As is known, after Joe Biden was elected president last November and took office on January 20, 2021, a meeting between Erdogan and Biden has not yet been officially announced. On the other hand, Atilla odatv’n According to the news, but also the Turkish Welfare Fund Board is also the chairman of the chairman of the Istanbul Stock Exchange, Prof. Dr. He made this decision due to the disagreement that had with Erişah Arıcan.
RISE IN DOLLARS UP TO 7.72 LIRA
The ups and downs experienced in Turkey’s financial markets, especially those based in the United States, completely tightened yesterday.
With the yield on 10-year US Treasuries approaching 1.6 percent again, the dollar / TL was under pressure again yesterday and followed a fluctuating course.
The dollar exchange rate, which started the day at 7.53 lire, then rose rapidly and rose to 7.7215 lire in the afternoon. It closed the day at levels of 7.70 lira.
While the euro rose to 9.1685 liras, it closed the day at 9.15 liras. It rose to levels that could create more pressure, on the other hand, Brent oil exceeded $ 70 for the first time since January 8, 2020 in Turkey’s economy due to inflation and the channel’s current account deficit.
