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After accepting the resignation of Turkish President Recep Tayyip Erdogan’s son-in-law, Berat Albayrak, 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.
That meeting came after the Turkish presidency agreed late Monday on the resignation of Turkey’s finance minister and Erdogan’s son-in-law from the post they had held for more than two years.
And 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 “Instagram” and then “Twitter” the day before 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.
For his part, a Turkish economist and academic, Faruk Bilderji, said: “Al-Bayrak’s resignation comes after years of disagreements between him and the recently appointed head of the Central Bank, Naji Iqbal, which means that the ruling authority it is in crisis and has deep internal problems. “
He added to Al-Arabiya that “not to publish news of Al-Bayraq’s resignation in the government media until hours after the minister’s tweet on Instagram indicates the existence of a serious crisis of coordination between the presidential palace and those media.”
He continued: “The resignation of the president’s son-in-law is an indication of the advent of difficult days that await the Turkish economy, and the minister evaded them after the exacerbation of the current economic crisis that the country is going through.”
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.
Al-Bairaq resigned 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. American only this 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 Albayrak’s resignation and the appointment of a new head of the country’s central bank within eighteen presidential decisions of Erdogan’s firings and new appointments.
Erdogan, a former economy minister and candidate of the Justice and Development Party (AKP) for mayor of Izmir in last year’s elections, appointed Nihad Zeybekçi as a member of the “Presidential Council for Economic Policy.”
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