The Turkish Central Governor resigns to "protect her family" and Erdogan is rushing to appoint a replacement. Hafiza Ghaya Arkan said that her decision came as a result of a campaign to “harm her reputation,” amid accusations that she had granted benefits to her family.

Arkan supervised the decisions to raise interest rates in Turkey from 8.5 to 45% (French) Erdogan appointed Arkan as governor of the Turkish Central Bank last June, making her the first woman to hold this position.