19 December 2018

Turkey deletes clause on five-year term for central bank governor

KONFRONTASI - Turkey has removed a clause, which stipulated a five-year term for the central bank governor, in an emergency decree published shortly before President Recep Tayyip Erdogan was sworn in as the country's first president under the new executive presidency system.

The decree, published in the government's Official Gazette, took out a clause that had stated, “The governor is appointed by a cabinet decision for a term of five years. (The governor) can be re-appointed at the end of this period.”

It also scrapped a requirement that deputy central bank governors need at least 10 years of work experience in their field, as was a requirement that they be proposed by the governor.

The decree did not state an alternative term length or re-appointment process for the central bank governor, or new requirements for deputy governors would be.

On Monday, Erdogan took the presidential oath in the parliament and stepped inside the Beştepe Presidential Complex in Ankara to serve the nation for the next five years.

The oath also initiated the new presidential executive system, transitioning from the parliamentary system, which was approved in a referendum on constitutional amendments on April 16 last year.

Erdogan is now become both the head of state and government; and the prime minister's post is abolished.[ptv]

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