ANKARA, Turkey — President Recep Tayyip Erdogan removed the governor of Turkey’s central bank on Saturday as differences between them deepened over the timing of interest rate cuts to revive the economy.

The governor, Murat Cetinkaya, whose four-year term was due to run until 2020, will be replaced by his deputy, Murat Uysal, according to a presidential decree published early on Saturday in the official gazette.

No official reason was given for the move, but Mr. Erdogan has been openly critical of the central bank for keeping its benchmark interest rate at 24 percent since last September to support the country’s ailing currency, the lira.

Investors have been pulling their money out of the country, sending the value of the lira plunging. The value of the lira is down about 5 percent this year after falling 30 percent last year. High interest rates are meant to entice investors with enhanced rewards for accepting the risk of keeping their cash in Turkey.