ANALYSIS: Turkey's economic bureaucracy sees dramatic reshuffling

The economic bureaucracy in Turkey has been reshuffling in a dramatic fashion over the last couple of years, as some contradicting views have appeared and grown in the country's administration, creating a kind of "dual-administration" in Ankara. 

Who will be appointed to head the Central Bank after current governor Erdem Ba?ç?'s term of office expires on April 19, or whether he will be reappointed, is being closely followed by the markets amid escalating contradictions behind closed doors. 

The bank's monetary policy, mainly its rate policy, has been criticized by several circles, mainly those close to President Recep Tayyip Erdo?an. Although some leading economy ministers have underlined the importance of the Central Bank's independence from time to time, some other figures who are close to Erdo?an, such as his economic advisors, have not stopped harshly criticizing the bank's rate policies. 

The Central Bank cut the upper band of its interest rate "corridor" last month after months of no change in the rates. 

There has however been some other key repositioning or dramatic changes in the country's economic bureaucracy, which deserve a thorough review as some sort of contradiction deepens. 

The management of the country's main stock exchange, Borsa Istanbul, recently changed in an unexpected way. In the Borsa Istanbul general board meeting at the beginning of April neither the bourse chairman nor the bourse CEO were elected, even though they came to these positions just one year ago. 

Former bourse head ?brahim Turhan, who was seen as Prime Minister Ahmet Davuto?lu's top candidate to manage the economy, was elected as a member of parliament. He was, however, not given a ministerial position in the cabinet, as was...