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International Business Times
International Business Times
World
Dmitry ZAKS

Turkey's Pro-market Bank Chief Resigns After Scandal

Hafize Gaye Erkan Turkey Recep Tayyip Erdoğan Mehmet Simsek
Turkish central bank chief Hafize Gaye Erkan was a Western investor darling (Credit: AFP)

Turkey's central bank chief Hafize Gaye Erkan said Friday she was resigning after less than a year in the job over a media scandal involving her family.

The respected former Wall Street executive's decision threatens to unsettle Turkey's recovery from a dire economic crisis that saw the annual inflation rate reach 85 percent in 2022.

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