Erdogan appointed his son-in-law to become Turkey’s finance minister

Erdogan told guests at the presidential palace in Ankara that Turkey "created a new beginning". (EPA) – Turkish President, Recep Tayyip Erdogan raised his own son-in-law, Weight Albayrak became the new Finance Minister in his cabinet.

This is surprising to many parties. Not just in Turkey, but the people of the world. Given Erdogan has just been officially sworn in to continue his post after winning elections in the country.

Reported from the BBC, Tuesday (10/07/2018), The announcement was delivered by Erdogan before parliament Monday yesterday in a speech.

Lira, the Turkish currency, slumped as much as 2% after Erdogan announced the appointment of Albayrak.

Albayrak himself previously served as energy minister in 2015, got a response from financial markets.

In his speech, Erdogan said he would abandon the system of the past which he considers to be wasting money in the country’s political and economic turmoil.

“We are leaving a system that in the past made our country pay a high price in the form of political and economic turmoil,” he said.

Erdogan’s victory in last month’s elections was not just a five-year presidency, but also marked Turkey’s transition from parliamentary to presidential systems.