The new finance minister is a close friend and collaborator of Berat Albayrak, the son-in-law of the Turkish president, and that is why many in Ankara are talking about the “return of the groom”.
With brief procedures, Tayyip Erdogan replaced the Minister of Finance, Lutfi Elvan, against the background of the economic crash in Turkey.
The presidential decree to replace Lutfi Elvan with Deputy Finance Minister Nuredin Nebati was published shortly after midnight.
As SKAI’s correspondent in Turkey Manolis Kostidis explained, Lutfi Elvan strongly disagreed with Erdogan’s controversial economic policy of reducing interest rates to… reduce inflation, which he warned would lead to disaster.
The replacement of the Minister of Finance was indirectly announced by Erdogan himself as he stated in his speech that he will not accompany those who do not support the reduction of interest rates. There was a lot of discussion in Turkey about the plan that showed Lutfi Elvan not to applaud Erdogan during his speech.
“In this fight of ours, in this course of ours, those who support interest rates, let them not misunderstand me. “I can not accompany the one who supports the interest rates, I will not be,” Erdogan had typically stated.
The new finance minister is involved in textiles, previously had his own gas station and then got involved in politics. He is a close friend and collaborator of Berat Albayrak, the son-in-law of the Turkish President and that is why many in Turkey talk about the “return of the groom”.
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