Latest Move by Turkey President to Fire Central Bank Official Shocks Investors
July 10, 2019 at 08:00 AM EDT
President Tayyip Erdogan did no favors for Turkey investors after canning the country’s central bank chief over the weekend in order to install his own deputy as a replacement. The latest move sent the country’s stock market index down 1% and its local currency, the lira, down 1.5%. “I...