The Turkish government announced on Monday a decree that changes the country's central bank laws, reports Bloomberg News.
The decree removes the majority of reservations in the law, including the deployment of a deputy central bank chief for a five-year term by "a joint decision and with a recommendation from the Governor of the Central Bank".
The requirement that the deputy central bank manager has at least 10 years of experience in the area, as well as the ban on the deputy chief executive conducting private business and having business interests in banks or companies has been repealed.