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Ankara, Turkey:
The son-in-law of Turkish President Recep Tayyip Erdogan resigned on Sunday as finance minister, citing well being causes in a press release on his verified Instagram account.
“After serving in ministerial posts for nearly five years, I took the decision not to continue my duty (as finance minister) due to health issues,” Berat Albayrak stated.
He stated he would spend extra time along with his household whom he stated he “neglected”, in keeping with the assertion.
Albayrak, 42, is married to Erdogan’s elder daughter Esra and has been finance minister since 2018. He was power minister earlier than that between 2015 and 2018.
Whether the resignation shall be accepted shouldn’t be but identified.
When Turkish Interior Minister Suleyman Soylu resigned earlier this 12 months, Erdogan refused to simply accept it and Soylu stays in his publish at present.
Albayrak’s resignation comes a day after Erdogan sacked the central financial institution governor after the Turkish lira misplaced 30 % of its worth towards the US greenback for the reason that begin of the 12 months.
The new governor is former finance minister Naci Agbal who changed Murat Uysal, who was solely within the function for 16 months.
Uysal was sacked by presidential decree on Saturday, as his predecessor Murat Cetinkaya was in July 2019.
There was hypothesis in Turkish media that Albayrak resigned over the choice to nominate Agbal.
But Erdogan’s ruling AKP social gathering parliamentary deputy group chairman Mehmet Mus tweeted his assist to Albayrak who was finance minister “during a very difficult period”.
“I hope he will continue in his role with the president’s approval,” Mus added.
– MPs’ assist –
His sentiments have been echoed by deputy transport minister Omer Fatih Sayan, who tweeted: “I hope the resignation will not be accepted. Our country, nation and ummah (Muslim community) needs you.”
Some AKP MPs tweeted their assist for him with the hashtag, #SeninleyizBeratAlbayrak, which suggests “We’re with you, Berat Albayrak.”
But the central financial institution’s former chief economist pushed out final 12 months welcomed the information on Twitter.
“At this stage there was only one thing that could be done to return from the crisis, and that was done,” Hakan Kara stated, including: “It’s obvious what must be done at the first stage: reverse everything done in the past two years.”
During Albayrak’s two years as finance minister, Turkey suffered a foreign money disaster in 2018, a recession afterwards and the lira hit a number of file lows towards the greenback this 12 months.
Although it was by no means confirmed, it was typically thought Albayrak was being groomed by Erdogan to succeed him.
(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
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