Şahap Kavcıoğlu

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Şahap Kavcıoğlu
Governor of the Turkish Central Bank
Assumed office
20 March 2021
Preceded by Naci Ağbal
Member of the Grand National Assembly of Turkey
In office
November 2015 – June 2018
Constituency Bayburt
Personal details
Born 23 May 1967
Bayburt
Political party Justice and Development Party
Alma mater Dokuz Eylül University

Şahap Kavcıoğlu (born 23 May 1967, Bayburt) is a Turkish banker and politician. He was a Member of the Grand National Assembly of Turkey for the Justice and Development Party (AKP) and is the current Governor of the Central Bank of the Republic of Turkey.[1] He is also a contributor to the newspaper Yeni Safak and is described as a supporter of the economic policies of Recep Tayyip Erdoğan.[1]

Education

He graduated in economics at the Dokuz Eylül University and followed up on his studies at the Istanbul University obtaining a degree as an Audit Specialist.[2] He studied Business Administration at Hasting's College (now East Sussex College) in England. In 2003, he earned a Ph.D from the Banking and Insurance Institute of the Marmara University.[3]

Professional career

Beginning in 1991, he served during nine years[4] in several positions as well as an Assistant General Manager at Esbank.[2] According to his LinkedIn page, from 2003 onwards Kavcıoğlu served as a regional coordinator for two years[5] and a deputy general manager for Halk Bank for ten years.[4] On 20 March 2021, Kavcıoğlu replaced Naci Ağbal as the Chief of the Turkish Central Bank the day after a raise of the interest rate to 19%.[6] Since, Kavcıoğlu supported Erdoğans desires for lower interest rates and cut them from 19%[7] to 15%. The lower interest of 15%, was met with a fall of the Turkish Lira (₺)[8][9] to a temporary all-time low of 13.49 ₺ per Dollar.[10]

Political career

Representing the Justice and Development Party (AKP) for Bayburt, he was elected to the Turkish Parliament in the General Elections of November 2015.[11]

Plagiarism allegations

He was accused of having performed plagiarism in the thesis he presented to the Marmara University, as passages in his thesis and the annual report of the Turkish Central Bank are exactly the same.[3][12][13]

Publications

He is the author of several papers[14][15][16] and two books.[17]

Personal life

Kavcıoğlu is married and has three children.[2] He is a Congress Member of Galatasaray Sports Club and also the Dokuz Eylül University Alumni Association.[17]

References

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