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.

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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.