- No one was injured in the incident.
- The Ministry of Foreign Affairs of Azerbaijan has already issued a statement calling to investigate the incident.
- The President of Turkey issued a decree dismissing the head of the Central Bank of Turkey.
On the night of November 7, unknown people fired at the honorary consulate of Azerbaijan in Kharkiv, the press service of the National Police in Kharkiv region reports. The shots were fired at about 2:30 p.m. They shot at the window and the front door. Police found 2 shell casings and 3 remains of metal at the scene.
No one was injured in the incident. The buildings of the consulates of Azerbaijan and Armenia in Kharkiv were guarded by the police around the clock.
The Ministry of Foreign Affairs of Azerbaijan has already issued a statement calling to investigate the incident and bring the perpetrators to justice. According to the Foreign Ministry, there were two attackers.
Relations between Armenia and Azerbaijan have become particularly tense following the escalation of the Nagorno-Karabakh conflict.
This region is legally the territory of Azerbaijan but is actually controlled by Armenia. In September this year, Baku launched a military campaign in the region to regain control.
Erdogan Fires Turkish Central Bank Governor
The President of Turkey issued a decree dismissing the head of the Central Bank of Turkey. He did not give a reason for the dismissal, but experts doubt that the main reason for the depreciation of the lira against the dollar and the lack of interest rates.
The lira has fallen sharply against the dollar. On Friday (November 6th), Erdogan issued a decree dismissing the head of the Central Bank, Murat Uysal, and replacing him with Naji Iqbal. Iqbal was Turkey’s Minister of Finance between 2015 and 2018.
The Turkish lira has been losing value against the dollar and other foreign currencies for about 10 weeks. Each dollar is traded in the Turkish market for more than eight and a half lira and each euro for more than 10 lira. This represents a 49% drop in the lira against the dollar over the past year.
Major foreign currencies such as the Swiss franc, the British pound, and the Japanese yen have also become more expensive in Turkey. The fall of the lira means that imported goods have become more expensive for Turkish citizens and Turkish exports have become cheaper abroad.
In recent years, Turkey has made great efforts to reduce the trade deficit of its imports and exports. In July 2019, Erdogan appointed Central Bank Governor Murat Uysal to replace Murad Cetin Kaya. Kaya did not follow Erdogan’s instructions to reduce bank interest rates.
The Turkish president supports an unconventional monetary policy, often blaming high bank interest rates as “the main cause of Turkey’s misery.” He has said that Turkey is waging an economic war against an “evil triangle” of interest rates, exchange rates, and inflation.
In October this year, the Turkish Central Bank did not cut interest rates as expected by the president, keeping bank interest rates slightly above 10 percent unchanged to counter rising inflation and prevent it from rising.