![Newly appointed Chief of Turkiye's Central Bank Hafize Gaye Erkan poses for a photo during an exclusive interview in Ankara, Turkiye on June 9, 2023 [Emin Sansar/Anadolu Agency]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2023/06/AA-20230609-31384810-31384807-NEWLY_APPOINTED_CHIEF_OF_TURKIYES_CENTRAL_BANK_HAFIZE_GAYE_ERKAN-scaled-e1686335582510.jpg?fit=920%2C613&ssl=1)
Turkiye’s President Recep Tayyip Erdogan has appointed a former Wall Street banker, Hafize Gaye Erkan, as the country’s new Central Bank Governor – another move that could potentially mark a policy pivot away from economic unorthodoxy, Reuters reports.
According to the report, Erkan, Turkiye’s first female Central Bank chief, was a former Managing Director at Goldman Sachs and co-CEO at First Republic Bank.
She is also Turkiye’s fifth Central Bank Governor in four years.
The Turkish lira has been extending its plunge since the re-election of Erdogan, and last traded at 23.47 against the dollar.
READ: Turkiye’s expected foreign policy with Erdogan again at the helm