Today: Tuesday, 5 March 2024 year

Fatih Karahan became the new head of the Turkish Central Bank.

Fatih Karahan became the new head of the Turkish Central Bank.

Fatih Karahan, who currently holds the position of deputy governor of the regulator, has become the new head of the Central Bank of Turkey, the official government publication Resmı Gazete reported.

The head of the Turkish Central Bank, Hafize Gaye Ercan, who has been in her position for 239 days, said on Friday evening on the social network X that she asked Turkish President Tayyip Erdogan to relieve her from her position due to pressure on her and her family.

“By the decision of President Recep Tayyip Erdogan, Fatih Karahan has been appointed as the new governor of the Central Bank,” the text says.

According to NTV channel, Fatih Karahan was born in 1982 in Eskisehir and graduated from Bogazici University, Faculty of Mathematics and Industrial Engineering in 2006. In 2012, he completed his master’s and doctorate in economics at the University of Pennsylvania.


In 2012, he began his professional career as an economist at the Federal Reserve Bank of New York and served as head of labor and commodity market research and monetary policy advisor at the aforementioned institution until 2022.


Karahan, who has also taught at Columbia University and New York University, began working as a senior economist at Amazon in 2022. In November 2022, Karahan became Amazon’s chief economist.

 


Erkan became the target of criticism and ridicule on social media when, in an interview with Hürriyet newspaper, she complained about high rental prices in Istanbul, dwarfing those in Manhattan, New York.