Another minister gives up on Erdogan
Doron Peskin, Middle East Expert 02.12.2021
It is not boring in Turkey!
Last night, a new finance minister was appointed, Noradine Nabati, after former minister Lutfi Alwan asked to resign. His resignation comes after disagreements with President Erdogan over monetary policy. The resigning minister is considered the latest in the presidential environment to have supported a policy of raising interest rates to try and curb inflation.
He served in the position for only one year.
The new minister, Nabati, is considered Erdogan's "yesman" 'and supports his destructive policies. The Turkish lira responded to the male changes with a slight drop to $13.5 to $1. Last month it lost about 27% of a campaign but all this does not move Erdogan from his economic positions.
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