Turkey’s Erdogan replaces central bank governor as lira plummets | Al Jazeera

Turkish President Recep Tayyip Erdogan removed the central bank governor from his post on Saturday and replaced him with former finance minister Naci Agbal after the lira currency hit record lows, losing 30 percent of its value since the start of the year.

The decision to replace Murat Uysal as governor was made by presidential decree, which was announced in the country’s Official Gazette. It was not immediately clear why Uysal had been replaced.