Turkey: Gaye Erkan is the New Governor of the Central Bank

Gaye Erkan is the new chairman of the Central Bank of Turkey. The economist, formerly of Goldman Sachs, has been appointed by newly re-elected President Recep Tayyip Erdogan to fight the inflation spiral, from which the country has been suffering for several months now. Thus, the country’s top economic leaders have made a revolution, taking into account that the Minister of Treasury and Finance has also been replaced – now the ministry is in the hands of Mehmet Simsek.

Hafize Gaye Erkan, born in 1982, became the first woman to head Turkey’s supreme financial body and took the place of Sahap Kavcioglu. In addition to Goldman Sachs, she also worked at the recently failed First Republic Bank.