“We will save our country from the current Constitution which is the creation of a coup and we will strengthen our country with a constitution of freedom, of citizens which will embrace everyone,” said Recep Tayyip Erdogan during his swearing in of a new five-year presidential term in the neighbor.

“We will continue to grow our country with investments, with employment, with production, with exports and a current account surplus,” he added.

In fact, he emphasized that “we are determined to put into practice the principle of our founder Mustafa Kemal, who said “peace in the homeland, peace in the world.””

He estimated that this cannot be done introspectively, nor by watching, as he characteristically said, the developments from the stands.

“We will do it by increasing the area of ​​influence of our humanitarian and active policy.”

Turkish President Tayyip Erdogan was sworn in today for a new five-year term as president, extending his rule into a third decade.

“I swear as president on my honor and integrity before the great Turkish nation and history to preserve the existence and independence of the state … to obey the constitution, the laws, the democracy, the principles and reforms of Atatürk and the principles of secular democracy,” Erdogan said during the swearing-in ceremony held at the parliament in Ankara and broadcast live on television.

Before being sworn in, Erdogan received the presidential mandate from the interim speaker of the parliament.

Turkey’s longest-serving leader, Erdogan won 52.2% of the vote in the second round of presidential elections held on May 28.

The new five-year term allows Erdogan to continue his increasingly authoritarian policies that have polarized the NATO-member country but strengthened its position as a regional military power, Reuters points out.

Following his swearing-in in parliament, a ceremony will be held at the presidential palace attended by high-ranking officials from 78 countries and international organizations, including NATO Secretary General Jens Stoltenberg, Venezuelan President Nicolas Maduro, Hungarian Prime Minister Viktor Orbán, and of Armenian Prime Minister Nikol Pashinyan, according to the state-run Turkish news agency Anadolu.

Erdogan will announce his government later today and is expected to signal a shift in his unorthodox approach to economic policy.

Erdogan is likely to include former economy chief Mehmet Simsek in his cabinet, Reuters reported last week, indicating a potential return to greater economic orthodoxy, possibly including interest rate hikes.

Simsek was respected by investors when he served as finance minister and deputy prime minister from 2009 to 2018. A major role for him now could signal a departure from years of insisting on low interest rates despite high inflation and heavy state control of the markets.

Analysts have warned that if current policies continue, the economy is headed for turmoil as foreign exchange reserves are depleted and inflation is expected to rise.

Erdogan, 69, became prime minister in 2003 after his party, the AKP, won elections in late 2002 following Turkey’s worst economic crisis since the 1970s.