Daily Memo: Turkish Bank Chief Sacked, US Defense Chief Visits India

The firing precipitated a sharp drop in the lira and the Istanbul stock market.

Bank chief sacked. Over the weekend, Turkish President Recep Tayyip Erdogan fired Nachi Agbal, the third head of the central bank in two years, a week after the bank increased the interest rate to contain inflation, a move Erdogan opposed. The Turkish currency plunged by 14 percent on Monday, and trading on the Istanbul stock […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.