Turkey removes another Central Bank deputy governor

The move comes two months after the president fired the central bank governor and a deputy governor, spooking markets.

Turkey removed one of four central bank deputy governors on Tuesday, two months after President Recep Tayyip Erdogan fired the central bank governor. Oguzhan Ozbas was removed from his post and Semih Tumen was appointed to replace him, according to an overnight decree published in the official gazette. Tumen currently serves as an adviser to Erdogan and is the head of the economics department at Ankara’s TED University. He worked at various positions at the Central Bank of Turkey from 2002 to 2018.