Turkey’s Recep Tayyip Erdogan ushered in the new, executive presidential system he had long campaigned for by putting his son-in-law in charge of the economy and promising greater overhaul of a country he has dominated for 15 years.
Hours after he was sworn in with sweeping new powers at a ceremony in the capital of Ankara, Erdogan named Berat Albayrak as the treasury and finance minister in his new cabinet.
The announcement – and the absence of familiar, market-friendly ministers from the cabinet – helped to send the lira sharply lower.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
