Why has Turkish finance minister, Erdogan son-in-law quit govt?


Team Udayavani, Nov 21, 2020, 11:20 AM IST

Recently, Turkey president Recep Tayyip Erdogan’s son-in-law, Berat Albayrak, announced his resignation as the country’s Treasury and Finance Minister

According to Euronews, Berat Albayrak announced the decision in a post on Instagram on Nov 8, saying he was stepping down to spend more time with his family.

Albayrak was appointed minister of finance and treasury in July 2018, having previously been Turkey’s energy minister for nearly three years.

His resignation follows the dismissal of central bank chief Murat Uysal after a 30% slide in the Turkish lira.

According to Indian Express, Albayrak’s announcement came a day after Erdogan had fired the Governor of Turkey’s Central Bank, Murat Uysal, 16 months after he had taken office. Some believe this is the reason Albayrak resigned. It is said that Albayrak was not briefed about Uysal’s sacking.

The Turkish president appointed Lutfi Elvan, a former deputy prime minister and development minister who studied economics, as the new steward of the country’s $740bn economy.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kerala Minister unfurls national flag upside down; BJP seeks his resignation

Meet Methuselah, the oldest living aquarium fish

Karkala: Auto driver killed, passenger seriously injured in car-autorickshaw collision

Yuvraj Singh, Hazel Keech blessed with baby boy

Modi wears Uttarakhand cap, Manipur stole this R-Day

Telugu star Chiranjeevi tests positive for COVID-19

Jal Shakti ministry tableau depicts challenges of water supply at altitudes of over 13,000 ft


Related Articles More

Meet Methuselah, the oldest living aquarium fish

5 ways climate change increases the threat of tsunamis, from collapsing ice shelves to sea level rise

EXPLAINER: Why are oil prices high, and any relief in sight?

Ahaan Shetty, an Indian student in UAE, makes history by scoring 1600 in SAT

National Girl Child Day

MUST WATCH

Karnataka Tableau | Republic Day Parade 2022

KS Eshwarappa talk about Siddaramiah and DK Shivakumar

Hon’ble President Ram Nath Kovind’s Message on the eve of Republic Day 2022

PSI Shivananda Gudaganatti video viral

The bridegroom paid homage to Kafidore Siddhartha Hegde on the wedding day


Latest Additions

Nine days after surgery for broken jaw, Beth Mooney set for one-off women’s Ashes test

Biden’s big test: Proving he can rally allies against Putin

Steve Carell, John Krasinski to reunite for Paramount’s film ‘If’

Omicron survives much longer on plastic, skin than earlier coronavirus variants: Study

Kerala Minister unfurls national flag upside down; BJP seeks his resignation

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.