[ad_1]
Turkish Finance Minister Berat Albayrak and Recep Tayyip Erdogan’s son-in-law announced their resignation in an Instagram post.
According to the text he published, he chose to resign for health reasons. However, many speculate that it may be linked to the recent devaluation of the Turkish lira, especially after Friday, which broke all previous records against the dollar and the euro.
The news was published by Turkish media.
“After holding ministerial positions for almost five years, I made the decision not to continue my service (as finance minister) due to health problems,” Albayrak said.
Two presidential sources cited by Reuters were unable to confirm or deny the statement when contacted by the agency, but a Finance Ministry official confirmed its authenticity.
The pound “closed” at 8,415 against the US dollar at 8:14 PM GMT.
Albayrak, 42, was appointed Minister of Energy in 2015 and passed to the Finance Ministry following Erdogan’s re-election with new executive powers in 2018.
During his tenure as Finance Minister, the Turkish economy was hit hard by two shocks, double-digit inflation and high unemployment. The pound has lost more than half its value since the beginning of 2018.
Erdogan will have to approve the resignation, which surprised analysts and lawmakers.
Transport Deputy Minister Omer Fatih Sayan said on Twitter that he hoped Albayrak’s resignation would not be accepted, adding that “our country, our people and our community need them.”
Mehmet Mouss, vice chairman of the AK Party’s ruling parliamentary group, said Albayrak had taken important steps to boost the economy and hoped Erdogan would not accept his resignation.
“We are personal witnesses of their diligent work. “If our president deems it necessary, I hope he will continue in his post,” Mousse wrote on Twitter.
Source: skai.gr
[ad_2]
