Mhm President Tayyip Erdogan installed a new technocrat central bank governor on Saturday.

His son in law and finance Minister Berat Albayrak resigned on Sunday.

It's a sign of the country's poor economic management that the departures are positive news.

It was already too late toe worry about central bank independence.

Just last year, Erdogan ousted a central bank chief.

You wouldn't slash rates at least.

The new governor, Naji Ag ball, has a closer relationship with the president on his AK party.

He's also respected from his stint as finance minister, provided the successor to Al Bayrak, who was a divisive figure in the party is not another family member.

Economic policy is likely to improve.

The new team might even be able to exert some influence over the president, who notoriously believes that high interest rates cause inflation.

A change in direction is overdue.

The central bank's foreign exchange reserves have dwindled as it tries to support the lira, which recently still fell to record lows against the dollar.

President Donald Trump's defeat means a tougher geopolitical climate.

To Erdogan's cozy relationship with Trump may explain why Washington never impose penalties over Turkey's purchase off Russian missiles and why a U.

S probe into sanctions violations by Turkish state Lander Halk Bank faced delays.

President elect Joe Biden is likely toe have less patience with Turkey's international antics and the economy may pay the price.