Target changes in revision after Istanbul elections

Target changes in revision after Istanbul elections
Date: 7.7.2019 13:00

Instead of the expected changes in the Council of Ministers, especially the Treasury and the Ministry of Finance, a surprise change was made at the top of the Central Bank.

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Stating that the most important factor in the failed outcome of the Istanbul elections was the economic crisis, the sources of power were also expressing important changes in the Council of Ministers. In particular, the Treasury and the Ministry of Finance expected a change in the absolute level of the President's decree of the President of the Central Bank of the Republic of Turkey on the task Murat Cetinkaya, Vice President Murat Uysal was appointed instead.
 
Çetinkaya fired, Uysal hired
 
Central Bank of the Republic of Turkey (TCMB) President Murat Cetinkaya on the task, rather than appointed Vice President Murat Uysal. The President's decision regarding the appointment was published in the Official Gazette.
 

PUBLISHED IN OFFICIAL GAZETTE

 
According to the decision, Murat Çetinkaya was dismissed in accordance with Article 35 of the Decree Law no. 375 and Article 2 of the Presidential Decree No. 3. In this way, Murat Uysal, who was the vice president of the institution, was appointed to the vacant position. Following the appointment, the Central Bank of Turkey (TCMB) announced that Murat Uysal, who was appointed as the chairman of the Central Bank, was the vice president of the institution since June 9, 2016.
 
Central Bank of the Republic of Turkey (TCMB) President Murat Cetinkaya on the task, rather than appointed Vice President Murat Uysal. The decision of the President regarding the appointment was published in the Official Gazette. According to the decision, Murat Çetinkaya was dismissed in accordance with Article 35 of the Decree Law no. 375 and Article 2 of the Presidential Decree No. 3. In this way, the vacant position was replaced by Murat Uysal, who was the Vice President of the TCMB. Following the appointment, TCMB announced that Uysal, who was appointed as the Governor of the Central Bank, has served as the Vice President of the institution since June 9, 2016.
 
The announcement included the following statements:
 
"In his first statement, President Murat Uysal stated that the Bank will continue to implement independent monetary policy instruments focused on achieving price stability, which is the main objective of the Bank within the framework of the duties and powers assigned to it by law. Stating that the communication channels regarding the policies to be implemented in line with the targets of price stability and financial stability will be used at the highest level in the new period, Uysal will hold a press conference in the coming days."
 
Murat Uysal's CV
 
Born in 1971 in Istanbul, Uysal graduated from Galatasaray High School and then from Istanbul University, Faculty of Economics (English), Department of Economics. Marmara University Institute of Banking and Insurance Banking Uysal who graduate in the majors, in this period, "Inflation Targeting, Applications in the World and Turkey", he completed his master's degree. Mr. Uysal started his professional career in 1998 in the banking sector and served as Specialist and Manager in charge of Foreign Exchange and Money Markets and Securities. working in Turkey People's Bank Monetary and Capital Markets Department as the date tame 2007-2011, he served as the Assistant General Manager in charge in November 2011-June 2016 period, the People's Bank in treasury management. Simultaneously, he was a member of the Board of Auditors at Halk Yatırım A.Ş. in 2008-2010, a Board Member at Halk Portföy AŞ in 2011, Chairman of the Board of Directors at Halk Portföy AŞ between 2012 and 2014, and a Board Member at Halk Leasing Leasing in April 2015-April 2016. Between March 2015 and June 2016, he served as Chairman of the Board of Directors of Halk Yatırım Menkul Değerler AŞ. Uysal speaks English and French.

YEREL HABERLER

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