The China Mail - Erdogan sacks statistics chief after record inflation

USD -
AED 3.672503
AFN 63.999889
ALL 82.087167
AMD 368.450607
ANG 1.790403
AOA 917.999547
ARS 1429.280819
AUD 1.413537
AWG 1.801525
AZN 1.676658
BAM 1.689603
BBD 2.013822
BDT 122.983888
BGN 1.69088
BHD 0.37683
BIF 2970.152477
BMD 1
BND 1.283746
BOB 6.909421
BRL 5.064099
BSD 0.99987
BTN 95.052482
BWP 13.460326
BYN 2.766446
BYR 19600
BZD 2.010971
CAD 1.396985
CDF 2295.000249
CHF 0.792715
CLF 0.022857
CLP 899.58987
CNY 6.771504
CNH 6.758375
COP 3492.51
CRC 454.839964
CUC 1
CUP 26.5
CVE 95.257224
CZK 20.794899
DJF 178.057103
DKK 6.438465
DOP 58.710207
DZD 133.035971
EGP 50.5059
ERN 15
ETB 157.556391
EUR 0.86146
FJD 2.237197
FKP 0.746148
GBP 0.744545
GEL 2.654996
GGP 0.746148
GHS 11.098441
GIP 0.746148
GMD 73.000177
GNF 8759.016889
GTQ 7.622133
GYD 209.191828
HKD 7.835275
HNL 26.736642
HRK 6.4921
HTG 130.733014
HUF 302.117986
IDR 17700.85
ILS 2.895905
IMP 0.746148
INR 94.605498
IQD 1309.835428
IRR 1375877.497487
ISK 124.219914
JEP 0.746148
JMD 158.489914
JOD 0.709021
JPY 160.112501
KES 129.410415
KGS 87.449929
KHR 4017.105093
KMF 425.999743
KPW 900.00035
KRW 1513.164968
KWD 0.30822
KYD 0.833312
KZT 488.937843
LAK 22017.191482
LBP 89543.518639
LKR 335.207982
LRD 181.97918
LSL 16.286467
LTL 2.95274
LVL 0.60489
LYD 6.372943
MAD 9.260766
MDL 17.462745
MGA 4172.605935
MKD 53.123774
MMK 2099.090156
MNT 3576.689019
MOP 8.070062
MRU 39.65617
MUR 47.11978
MVR 15.460063
MWK 1733.834392
MXN 17.19245
MYR 4.050499
MZN 63.903383
NAD 16.286467
NGN 1360.209963
NIO 36.793227
NOK 9.507465
NPR 152.084143
NZD 1.70965
OMR 0.3845
PAB 0.99987
PEN 3.400458
PGK 4.378213
PHP 60.315977
PKR 278.191957
PLN 3.656665
PYG 6122.413719
QAR 3.65522
RON 4.511963
RSD 101.116017
RUB 72.753171
RWF 1468.359898
SAR 3.753802
SBD 8.045573
SCR 13.696719
SDG 600.461434
SEK 9.369075
SGD 1.281385
SHP 0.746601
SLE 24.650278
SLL 20969.503664
SOS 571.465595
SRD 37.509502
STD 20697.981008
STN 21.165392
SVC 8.74865
SYP 110.532098
SZL 16.273163
THB 32.548502
TJS 9.318906
TMT 3.51
TND 2.933437
TOP 2.40776
TRY 46.278401
TTD 6.791931
TWD 31.515499
TZS 2617.503023
UAH 44.803507
UGX 3749.298086
UYU 40.387024
UZS 11975.292644
VES 581.95784
VND 26286
VUV 119.50104
WST 2.743493
XAF 566.677033
XAG 0.014146
XAU 0.00023
XCD 2.70255
XCG 1.801996
XDR 0.703376
XOF 566.677033
XPF 103.027947
YER 238.606089
ZAR 16.174195
ZMK 9001.204253
ZMW 17.467928
ZWL 321.999592
  • RBGPF

    0.0000

    60.72

    0%

  • RYCEF

    0.4600

    17.5

    +2.63%

  • CMSC

    -0.0200

    22.33

    -0.09%

  • GSK

    0.1800

    53.04

    +0.34%

  • BTI

    0.9300

    62.32

    +1.49%

  • RELX

    0.6300

    33.74

    +1.87%

  • NGG

    0.3200

    81.84

    +0.39%

  • BCE

    0.0200

    24.59

    +0.08%

  • RIO

    1.7100

    105.35

    +1.62%

  • BCC

    0.4800

    71.14

    +0.67%

  • VOD

    0.2700

    15.53

    +1.74%

  • JRI

    -0.0300

    12.8

    -0.23%

  • BP

    0.1000

    42.78

    +0.23%

  • CMSD

    -0.0400

    22.26

    -0.18%

  • AZN

    -3.5300

    178.75

    -1.97%

Erdogan sacks statistics chief after record inflation
Erdogan sacks statistics chief after record inflation

Erdogan sacks statistics chief after record inflation

Turkish President Recep Tayyip Erdogan has sacked the head of the state statistics agency, according to a decree published Saturday, after releasing data showing last year's inflation rate hit a 19-year high of 36.1 percent.

Text size:

Sait Erdal Dincer was just the latest in a series of economic dismissals by Erdogan, who has sacked three central bank governors since July 2019.

Erdogan has railed against high interest rates, which he believes cause inflation -- the exact opposition of conventional economic thinking.

The 2021 inflation figure released by Dincer angered both the pro-government and opposition camps.

The opposition said it was underreported, claiming that the real cost of living increases were at least twice as high.

Erdogan meanwhile reportedly criticised the statistics agency in private for publishing data that he felt overstated the scale of Turkey's economic malaise.

Dincer seemed to sense his impending fate.

"I sit in this office now, tomorrow it will be someone else," he said in an interview with the business newspaper Dunya earlier this month.

"Never mind who is the chairman. Can you imagine that hundreds of my colleagues could stomach or remain quiet about publishing an inflation rate very different from what they had established?"

"I have a responsibility to 84 million people," he added.

Erdogan did not explain his decision to appoint Erhan Cetinkaya, who had served as vice-chair of Turkey's banking regulator, as the new state statistics chief.

"This will just increase concern about the reliability of the data, in addition to major concerns about economic policy settings," Timothy Ash of BlueBay Asset Management said in a note to clients.

The agency is due to publish January's inflation data on February 3.

- Justice minister also sacked -

In December, opposition leader Kemal Kilicdaroglu was refused an appointment with Dincer and turned away by security guards when he sought to enter the statistic agency's headquarters in Ankara.

He had accused the agency of "fabricating" the numbers to hide the true impact of the government's policies and slammed it as "no longer a state institution but a palace institution", in reference to Erdogan's presidential complex.

Also on Saturday, Erdogan appointed a new justice minister, naming former deputy prime minister Bekir Bozdag to replace veteran ruling party member Abdulhamit Gul.

"I have resigned from my duties at the ministry of justice, which I have been serving since July 19, 2017," Gul wrote on Twitter.

"I would like to express my gratitude... for accepting my request," he added, without explaining his decision.

Ali Babacan, former deputy prime minister who left the ruling AKP party and founded the Deva Party, took to Twitter to vent fury over the changes.

"The justice minister is being replaced, (statistics agency) TUIK chairman is being dismissed before the inflation data is published. Nobody knows why," he said.

"The authoritarian alliance... keeps on harming the country," he said, referring to the AKP and its nationalist partner MHP.

Another presidential decree published on Saturday urged authorities to prevent the spread of threats stemming from media activities that are incompatible with national and moral values -- which was slammed as censorship by observers.

V.Fan--ThChM