Turkish Finance Minister Recep Tayyip Erdogan’s son-in-law resigns

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The President of Turkey, the Conservative Islamist Recep Tayyip Erdogan, accepted on Monday the resignation of Turkey’s Finance Minister, his son-in-law Berat Albayrak, as announced by the Presidency’s communication office.

The statement ensures that Turkey It has gone through a time of economic problems, aggravated by the coronavirus pandemic and the regional and world crisis, “with minimal damage, thanks to the efforts of Albayrak, valued positively by the president.”

Health reasons

It adds that Erdogan has accepted “the request for removal from his position for health reasons“, which was” released on Sunday afternoon on social networks. “

Albayrak yesterday published a letter on his Instagram account with the following message: “I have decided not to continue in my ministerial position, which I have served for approximately five years, due to health problems “.

Financial crisis

The economist, since 2004 married to Esra Erdogan, the Erdogan’s eldest daughter, was Minister of Energy and Natural Resources from 2015 to 2018, and since then he was the head of the Finance portfolio.

This morning the Turkish lira, which had lost 35% of its value since March and 10% since the beginning of October, to stand at 10.1 units per euro over the weekend, today recovered 5% in a few hours to stabilize at 9, 6 lire per euro.

New minister

Moments after Turkish midnight (21:00 GMT), a decree published in the Official State Gazette on Tuesday announced the appointment of the former minister Lütfi Elvan in the post.

“Lütfi Elvan has been appointed to the position of finance Minister, left vacant by Berat Albayrak, who requested his resignation from the post, a discharge that has been granted “, reads the decree, signed by Erdogan.

Elvan, 58-year-old engineer and AKP MP, Erdogan’s Islamist party, was Minister of Transport from 2013 to 2015 and Deputy Prime Minister until 2016.

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