First exam 3 presidents

It has been finalized that Mehmet Şimşek will be appointed Minister of Finance and Finance to improve the economy.

Şimşek will give his first test to give confidence to the public and markets with the appointment of presidents in 3 critical institutions.

The names to be named as directors of the Central Bank, the Turkish Statistical Institute (TUIK) and the Capital Markets Board (SPK) are of critical importance in terms of confidence in Şimşek and the new programme.

It is also said that the Governor of the Central Bank may be announced along with the cabinet.

Here are 3 critical institutions:

THE CENTRAL BANK: It is considered certain that Şimşek will change the head of the Central Bank. Together with the President, a serious change in the monetary policy of the Central Bank is expected.

While there is talk of a new structure that will gradually increase interest rates, gradually reduce pressures on the demand for foreign exchange and follow a transparent and predictable policy, it is said that an armor that will ensure that the President remains in office for 5 years. With the reform of the law, confidence in the institution will be significantly supported, but this shielding will not go beyond a dream. The arrival of Hafize Gaye Erkan of the US to the presidency is considered certain.

TURKSTAT: The fact that public confidence in data that is closely related to society, such as inflation, growth and unemployment, announced by TURKSTAT, has been restored, has made it necessary to appoint a new trusted president at the head of the institution .

It is claimed that in order to be able to trust Şimşek and the new economic program he will announce, a 5-year protective armor must be brought to the president of the Turkish Statistical Institute, as in the past, and the seat must be handed over to an academic in which everyone can trust. The first examination of the new president of TURKSTAT will be the June data, which he will release in July.

WBC: The government aims to attract foreign investors to Türkiye with the new program. The first place foreigners look to come is the stock market. However, the recent ups and downs in the stock market have caused a serious loss of confidence, especially in the WBC.

If Şimşek can appoint a president who will give the WBC management confidence in the domestic and foreign markets, he will play an important role in the success of the new program.

THESE INSTITUTIONS ARE ALSO CRITICAL

A radical change is also expected in the senior Treasury and Finance staff, who will be part of Şimşek’s close bureaucratic team. It is claimed that a message can be sent to the markets through the merit appointments of dozens of bureaucrats and second-tier subordinates, from public finance to the budget, from revenue administration to the Financial Crimes Investigation Board ( MASAK).

Likewise, it is said that the radical changes in the Banking Regulation and Supervision Agency (BDDK) that will support the search for new confidence will not be a surprise.