Magazine picks Turkish Central Bank head as ‘governor of year’

ANKARA - Anatolia News Agency

The Banker magazine says the Turkish Central Bank governed by Erdem Başçı has successfully managed hot money inflows. AA Photo

The Banker, a prestigious English-language monthly operated by the Financial Times, has chosen Turkish Central Bank Gov. Erdem Başçı as the world’s and Europe’s central bank governor of the year.

The magazine said this year’s awards were granted to officials who successfully managed the economy through the turbulence in the economy in 2012.

The magazine praised the Central Bank’s role in aptly managing foreign inflows.

Canada’s Mark Carney, the Philippines’ Amando Tetangco, Saudi Arabia’s Fahad al-Mubarak and Angola’s Jose Massano were picked as the best governors in the Americas, Asia-Pacific, Middle East and Africa, respectively.

Mexico’s Agustin Carstens was chosen as the central bank governor of 2011.