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Erdogan Names Son-in-Law as Treasury and Finance Minister

By Tony Seruga

No cabinet job for Simsek, last man standing from old A-team
With fresh mandate, president also makes move on central bank

Turkish President Recep Tayyip Erdogan named his son-in-law as economy czar in a new administration and removed the last member of an investor-friendly financial team that’s been gradually pushed to the sidelines. The lira plunged the most since a failed coup in 2016.

Berat Albayrak, a former energy minister who entered parliament for the first time in 2015, will be in charge of a new ministry of treasury and finance, combining what used to be the two most powerful economic jobs. He’ll replace Mehmet Simsek as holder of the most senior economy portfolio…

Erdogan Names Son-in-Law as Treasury and Finance Minister

Categories : Finance

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