Turkmen Leader Fires Central Bank Head in Major Shake-up

Turkmenistan’s president has, in a major shake-up of the Central Asian nation’s banking industry, fired a spate of top officials at a several lenders, APA reports quoting RIA Novosti.

The dismissal of the heads of the Central Bank, state-run commercial bank Prezidentbank and Daikhanbank, which serves the agricultural sector, were announced in a government meeting chaired by President Gurbanguli Berdymukhamedov on Friday.

Gochmurad Muradov, who headed the state-run commercial lender Turkmenistan, will replace Tuvakmammet Dzhaparov at the helm of the Central Bank.

Dzhaparov had been in charge of the Central Bank since 2011.

In December, Berdymukhamedov rebuked the heads of ten banks in Turkmenistan over...