Turkish President Recep Tayyip Erdogan has appointed economic expert Fatih Karahan as the new head of the Turkish Central Bank, replacing Hafize Gaye Erkan, who requested to be relieved of his duties. The appointment was published in the official gazette.

Karahan, 42, graduated from the mathematics and industrial engineering department at Turkiye's Bogazici University and has a doctoral degree in economics from the University of Pennsylvania.

Karahan began his professional career as an economic expert at the Federal Reserve Bank of New York in 2012. He also served as the head of labor market studies and product policy advisor at the same institution until 2022. (QNA)
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