Governor Kavcioglu says Turkey will both make reserves permanent and implement a better system that funds production and exports.
Battle between economic optimism and fears about inflation and possible rate hikes that recovery will fuel has continued to play out on trading floors.
Sahap Kavcioglu pledges to tackle inflation which has been stuck in double digits for most of the last four years.
Meanwhile, another decree issued by the Turkish presidency said the central bank governor Naci Agbal has been replaced with Sahap Kavcioglu.
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