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After the change of president in the Central Bank of Turkey, the promotion was also registered.
In the first quotes in Asia, the dollar / TL increased by 16 percent. USD / TL rose to 8.3880 up 16.2 percent at 9:38 PM
The USD / TL exchange rate closed last week at the 7.21 level.
Kavcıoğlu appointed to replace Ağbal on CBRT
While Naci Ağbal was dismissed by the presidential decree published in the Official Gazette in the early hours of Saturday, Şahap Kavcıoğlu was appointed director of the CBRT.
In his first statement, the new president of the CBRT, Şahap Kavcıoğlu, emphasized the objective of achieving a permanent decrease in inflation.
Kavcıoğlu used the following statements in his statement:
Central Bank of the Republic of Turkey, duties and powers within the framework established by the Law in line with the fundamental objective of achieving a lasting fall in inflation will continue to use monetary policy tools effectively.
Although the fall in inflation will positively affect macroeconomic stability through the reduction of country risk premiums and the permanent improvement of financing costs, it will also contribute to the creation of the necessary conditions for a sustainable growth that increases investment. , production, exports and employment.
In this context, the meetings of the Monetary Policy Committee will be held in accordance with the schedule previously announced to the public, and the communication channels with all stakeholders will be used effectively in line with the principles of transparency and predictability. in the policies to be implemented.
Kavcıoğlu met with bankers
Naci Ağbal the presidential decree with the dismissal of the then Central Bank of the Republic of Turkey receipt of (CBT) appointed President of Shahab Kavcioglu, Association of Banks of Turkey (TBB) held a meeting with the general manager of the bank in the Board of Directors .
According to information Bloomberg HT obtained from leading bankers, CBRT chairman Kavcıoğlu delivered critical messages at the meeting with the bank’s general managers. At the meeting it emerged that Kavcıoğlu stressed that the main priority of the Central Bank will continue to be the fight against inflation.
The other main message that Kavcıoğlu gave at the meeting was the emphasis that there will be no change in Central Bank policies in the new period. At the meeting, messages came to light that there will be no off-calendar monetary policy committee meeting
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