Difficult days await the Turkish economy!



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After accepting the resignation of Berat Albayrak, son-in-law of Turkish President Recep Tayyip Erdogan, and the appointment of former Deputy Prime Minister Lotfi Alwan as Minister of Finance and Finance, a day after Albayrak’s resignation, the most important question arises: do these steps Can they save the Turkish economy from collapse?

The Central Committee of the ruling “Justice and Development” party in Turkey, headed by President Recep Tayyip Erdogan, held a meeting chaired by the latter on Monday, an informed source in the capital Ankara told Al-Arabiya.net.

According to the previous source, that meeting came after the Turkish presidency, late on Monday, approved the resignation of the Turkish finance minister and Erdogan’s son-in-law from the position they had held for more than two years.

The Turkish source revealed that the Central Committee of Erdogan’s party held its meeting with the aim of finding an alternative to Albayrak, who submitted his resignation on his account on the site “Instagram” and then on “Twitter” on Sunday. This was followed by the announcement of the appointment of former Prime Minister Lotfi Alwan to the post, to succeed Albayrak.

Alwan was a former Turkish Development Minister and Chairman of Parliament’s Budget Committee.

Years of disagreements
For his part, Farouk Bilderji, a Turkish economist and academic, said that “Al-Bayrak’s resignation comes after years of disagreements between him and the recently appointed Director of the Central Bank, Naji Iqbal, which means that the ruling authority is in crisis and has deep internal problems. “

He added to Al-Arabiya that “not to publish news of Al-Bayrak’s resignation in the government media until hours after the minister’s Instagram tweet indicates the existence of a serious crisis of coordination between the presidential palace and those media.”

He added: “The resignation of the president’s son-in-law is an indication of the advent of difficult days awaiting the Turkish economy, and the minister avoided them after the current economic crisis worsened the country.”

The Turkish presidency announced in a statement on Monday that Erdogan had agreed to the resignation of Al-Bayrak, and that the latter had taken this step for “health reasons and to give his relatives some time after years of work and after great efforts made “, during the spread of the new Corona virus in Turkey before. Months.

Difficult days await the Turkish economy

Al-Bayrak resigned from the post after having held it for more than two years, during which time the Turkish lira saw a significant drop in its exchange rate against foreign currencies, as it lost 30% of its value against the dollar. only during the current year.

The main opposition party in Turkey, the Republican People’s Party (CHP), considered that “Erdogan runs the state as a family business.” Its president, Kemal Kılıçdarolu, commented on the resignation of Albayrak and the appointment of a new director of the country’s central bank within eighteen presidential decisions of firings and new appointments of Erdogan.

Erdogan, a former economy minister and Justice and Development Party (AKP) candidate for mayor of Izmir in last year’s elections, appointed Nihad Zeybekci as a member of the Presidential Economic Policy Council.

The founder of the Democracy and Construction Party, and former Erdogan ally, Ali Babacan, said that the failure to publish the news of the resignation of the president’s son-in-law in state and opposition media is a “sad matter” and an assertion that “The press receives orders from social networks.”

Criticism of these two parties did not cease, as the economic affairs official of the pro-Kurdish People’s Democratic Party said, “Albayrak did not resign either”, indicating that he arrived “too late”, referring to the economic crisis that Turkey has suffered for years. . Which was aggravated by the outbreak of the Corona virus in the country.

The spread of the new virus in Turkey was followed by an increase in the unemployment rate in the country. This coincided with a significant drop in the Turkish lira against the US dollar, as its exchange rate against the dollar reached 8.52 Turkish lira, before falling to 8.24 after Albayrak resigned.

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