Turkey Central Bank Deputy Governor Kilimci Is Said Set to Quit

(Bloomberg) -- Turkish central bank Deputy Governor and Monetary Policy Committee member Erkan Kilimci will resign from the role, according to a person familiar with the matter.

Kilimci, who was appointed to the job in May 2016, is joining the board of the Development Bank of Turkey, the person said.

The lira extended this week’s slump as news emerged of Kilimci’s departure. The currency dropped as much as 5.8 percent to 6.8427 against the dollar in thin trade during a public holiday in Turkey.

Kilimci was a manager at Erste Securities Istanbul Menkul Degerler A.S. before he joined the central bank as executive director of its markets department in June 2013, according to the institution’s website.

Kilimci didn’t immediately respond to request for comment by text message and a central bank spokesman could immediately be reached. The news was first reported by Reuters.

©2018 Bloomberg L.P.