Son of the Turkish President was given a new assignment.
Recep Tayyip Erdogan announced the new government of Turkey. As Minister of Finance it took the son in law of the President.Joined once again in the position of President Recep Tayyip Erdogan on the day of his inauguration, on Monday, July 9, appointed his son-in-law Berat Albayrak the Minister of Finance, who previously headed the Ministry of energy and natural resources.
In addition, it was announced the other appointments in the Cabinet. In accordance with approved changes to Turkey’s Constitution, the country abolished the post of Prime Minister, and the government will now be headed by the President.
According to Turkish state news Agency Anadolu, only the new government comprises 16 Ministers to 10 less than in the previous part. Foreign Minister will remain Mevlut Cavusoglu. First Vice-President Fuat oktay, who previously worked as adviser to former Prime Minister Binali Yildirim of. The defense Minister, Hulusi Akar, former chief of the General staff of Turkey.
In response to personnel decisions of the head of the Turkish state and the government of the Turkish Lira in financial markets decreased. During the election campaign Erdogan announced that the President intends to pursue a more strict policy of control over the actions of the Turkish Central Bank.
This has caused concern among investors, as they questioned the independence of the regulator. Currently, inflation in Turkey is at its highest level in 14 years.
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