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Reuters, the news and based on four sources from the president of the Central Bank (Central Bank of the Republic of Turkey) of President Recep Tayyip Erdogan to change his decision, taken after the presentations, explaining that the economy is in a delicate position he claimed.
According to four sources who spoke to Reuters and were aware of the course of events, Naci Ağbal was appointed chairman of the CBRT after he and other high-ranking members of the AKP told Erdogan that their currency reserves were melting.
In presentations made for at least two days on the news, it was claimed that Erdogan was told there was a problem bringing foreign investment into the country and that the Turkish lira has lost 30 percent since the beginning of the year.
According to Reueters, Erdogan was alarmed after these presentations; On Friday, November 6, he summoned Murat Uysal, the then president of the Central Bank, and asked him why his foreign exchange reserves had been cut in half this year and what he planned to do about it.
Sources spoken by Reuters stated that after this speech, Erdogan was persuaded to fire Uysal.
The same sources also claimed that Erdogan was warned of the expected wave of unemployment.
Berat Albayrak was alleged to have resigned after he was not invited to two meetings held after Uysal’s dismissal.
‘DONE IN A FEW HOURS’
According to these sources close to the AKP, the removal of Uysal and the appointment of former finance minister Naci Ağbal to the head of the CBRT took place in a few hours.
It was reported that the Presidency refused to comment on the matter.
According to the news, Erdogan was also informed that the business world feared a large wave of unemployment following the lifting of the ban on dismissal.
‘ERDOĞAN WAS NOT GIVEN ABOUT THE ECONOMY’
Three sources who spoke to the news agency claimed that President Erdogan was not properly informed about the economy.
Following his appointment as head of the CBRT, Berat Albayrak resigned from his post as Minister of Finance and Finance on Sunday, November 8.
Albayrak’s resignation was claimed to have come after he was not invited to two meetings chaired by Erdogan over the weekend.
Following Albayrak’s resignation, Lütfi Elvan was appointed to the Ministry of Finance and Finance late on Monday, November 9.
