For her critics inside the central bank and in Turkey’s corridors of power, the end to Erkan’s almost eight months at the helm was the culmination of her clashes with staff and ultimately a power play that misfired, according to people with knowledge of internal deliberations, who asked not to be identified because they’re not authorized to speak with the media.
(Bloomberg) Turkish central bankers long played to an audience of one.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen ZersChina Replaces Top Markets Regulator as Xi Tries to End RoutWhen it came to Hafize Gaye Erkan, President Recep Tayyip Erdogan’s trust hardly wavered until the very end. But
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This first-of-its-kind convening of leaders from international financial institutions, central banks, businesses, technology providers, and governments aims to establish an understanding of the issues countries must consider before issuing a CBDC.