Berat Albayrak: The background of the resignation of Erdogan’s son-in-law – The Turkish pound is in the “Tartars”



A megaton bomb has exploded in Turkey following the announcement of the resignation of Finance Minister Berat Albayrak and the beheading of central banker Murat Wisal by Erdogan. The threat to the economy as inflation gallops by 12% and there is a large outflow of capital abroad. The developments over the weekend caused a stir in Ankara. Erdogan fired central banker Murat Wisal, who had just taken office in 2019. of Murat Cetinkaya, also ostensibly removed. Wisal has been replaced by the current head of the Turkish Presidency’s Economic Policy Council, former finance minister and former Justice and Development Party MP Nazi Agbal. Read also: Erdogan -‘s central bank ousted’s central bank governor five years, Wisal did not pursue the easing monetary policy desired by Tayyip Erdogan, amid a spike in inflation, depletion of foreign exchange reserves and a dramatic fall in the Turkish lira exchange rate. 70 5.70 per dollar, to have fallen to ,5 8.55 per dollar, after successive historical lows. called for a review of the policies The background with Berat Alabirak On Sunday, there was a new round of unrest after the announcement via Instagram of the resignation of the Minister of Finance and Erdogan’s son-in-law, Berat Alabirak, who allegedly wished to ” In his two years as finance minister, Berat Albayrak had come under fire from both international investors and opposition parties, as well as ruling party officials. Meanwhile, the pound in the markets The pound, which has been in free fall lately, strengthened by 1.7% against the dollar on Monday morning, indicating investor optimism that the changes now underway may lead to and a return to “economic orthodoxy.” Erdogan is expected to speak later in the day and The 42-year-old Albayrak was appointed Minister of Energy in 2015, while with the re-election of Recep Tayyip Erdogan in 2018 he transferred to the Ministry of Finance. During his tenure in the Ministry of Finance, the Turkish economy suffered from two , double-digit inflation and high unemployment. The pound has lost more than half its value since early 2018. Who is Erdogan’s son-in-law? Le Monde has previously written that Albayrak completed his studies at a Gulen community school, which closed after the failed coup. . “If he had not been the groom, he would have rotted in prison like all those tried after the coup for links to the Gulen movement,” said Republican People’s Party MP Ozgur Ozel. “I was in a community school, but I was never under his influence,” Albayrak replies. to hold the outstretched hand of the wife of then Prime Minister A. Davutoglu. Before becoming an MP



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