Şahap Kavcıoğlu (born 23 May 1967, Bayburt) is a Turkish banker and politician. He was a Member of the

Grand National Assembly of Turkey The Grand National Assembly of Turkey ( tr, ), usually referred to simply as the TBMM or Parliament ( tr, or ''Parlamento''), is the unicameral Turkish legislature. It is the sole body given the legislative prerogatives by the Turkish Consti ...

for the

Justice and Development Party Justice and Development Party may refer to several political parties, the best-known ones being: * Justice and Development Party (Morocco) * Justice and Development Party (Turkey) Justice and Development Party may also refer to: * Justice and Dev ...

(AKP) and is the current Governor of the

Central Bank of the Republic of Turkey The Central Bank of the Republic of Turkey, CBRT ( tr, Türkiye Cumhuriyet Merkez Bankası, TCMB, literally "The Turkish Republic Central Bank") is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate pol ...

. He is also a contributor to the newspaper ''Yeni Safak'' and is described as a supporter of the economic policies of

Recep Tayyip Erdoğan Recep Tayyip Erdoğan (born 26 February 1954) is a Turkish politician serving as the List of presidents of Turkey, 12th and current president of Turkey since 2014. He previously served as prime minister of Turkey from 2003 to 2014 and as Lis ...

Education

He graduated in economics at the

Dokuz Eylül University Dokuz Eylül University ( tr, Dokuz Eylül Üniversitesi) (DEÜ) is a university in İzmir, Turkey. It was founded in 1982 and is organized in 15 faculties. DEU is the first university which applied the problem-based learning method in Turkey, ...

and followed up on his studies at the

Istanbul University , image = Istanbul_University_logo.svg , image_size = 200px , latin_name = Universitas Istanbulensis , motto = tr, Tarihten Geleceğe Bilim Köprüsü , mottoeng = Science Bridge from Past to the Future , established = 1453 1846 1933 ...

obtaining a degree as an Audit Specialist. He studied

Business Administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

at Hasting's College (now

East Sussex College East Sussex College or East Sussex College Group is the largest higher education college in East Sussex, providing education and training from foundation to degree level. The college educates almost half of the county's young people and over ...

) in England . In 2003, he earned a

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common Academic degree, degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields ...

from the Banking and Insurance Institute of the Marmara University.

Professional career

Beginning in 1991, he served during nine years in several positions as well as an Assistant General Manager at

Esbank Esbank or Eskişehir Bank ( tr, Eskişehir Bankası) was a former Turkish bank. The bank was founded on 15 September 1927 as a local bank in Eskişehir, Turkey . Its founding capital was TL 500000. Up to 1955, it was a single-office bank serving ...

. According to his

LinkedIn LinkedIn () is an American business and employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job se ...

page, from 2003 onwards Kavcıoğlu served as a regional coordinator for two years and a deputy general manager for Halk Bank for ten years. On 20 March 2021, Kavcıoğlu replaced

Naci Ağbal Naci Ağbal (, born 1 January 1968) is a Turkish politician and former civil servant from the Justice and Development Party (AKP) who served as the Minister of Finance between 2015 and 2018. He was a Member of Parliament for the electoral distr ...

as the Chief of the Turkish Central Bank the day after a raise of the interest rate to 19%. Since, Kavcıoğlu supported Erdoğans desires for lower interest rates and cut them from 19% to 15%. The lower interest of 15%, was met with a fall of the

Turkish Lira The lira ( tr, Türk lirası; sign: ₺; ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey and Northern Cyprus. One lira is divided into one hundred ''kuruş''. History Ottoman lira (1844–1923) The lira, along with t ...

(₺) to a temporary all-time low of 13.49 ₺ per Dollar.

Political career

Representing the

(AKP) for Bayburt, he was elected to the Turkish Parliament in the General Elections of November 2015.

Plagiarism allegations

He was accused of having performed

plagiarism Plagiarism is the fraudulent representation of another person's language, thoughts, ideas, or expressions as one's own original work.From the 1995 '' Random House Compact Unabridged Dictionary'': use or close imitation of the language and thought ...

in the

thesis A thesis ( : theses), or dissertation (abbreviated diss.), is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings.International Standard ISO 7144: ...

he presented to the Marmara University, as passages in his thesis and the annual report of the Turkish Central Bank are exactly the same.

Publications

He is the author of several papers and two books.

Personal life

Kavcıoğlu is married and has three children. He is a Congress Member of

Galatasaray Sports Club Galatasaray Spor Kulübü (, ''Galatasaray Sports Club'') is a Turkish sports club based on the European side of the city of Istanbul in Turkey. Most notable for its association football department, the club also consists of various other dep ...

and also the Dokuz Eylül University Alumni Association.

References

{{DEFAULTSORT:Kavcıoglu, Sahap 1967 births Living people People from Bayburt Dokuz Eylül University alumni Istanbul University alumni Turkish economists Turkish bankers Justice and Development Party (Turkey) politicians Deputies of Bayburt Members of the 26th Parliament of Turkey Yeni Şafak people Governors of the Central Bank of Turkey