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Murat Uysal: Latest News

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09.11.2020 / 12:37

Turkey's battered currency rises after finance chief resigns

ANKARA – The Turkish lira firmed against the dollar on Monday a day after the finance minister, who is also the son-in-law to President Recep Tayyip Erdogan, announced his resignation on social media.The lira was up by 2.6%, trading at 8.29 against the dollar, even though it was not immediately clear whether Erdogan had accepted Berat Albayrak’s resignation and whether a new finance minister would be appointed.Albayrak, 42, announced on Instagram late on Sunday that he was stepping down from his post for health reasons and would spend more time with his family.His resignation followed the dismissal over the weekend of central bank chief Murat Uysal and his replacement by former Finance Minister Naci Agbal.Albayrak, who has four children

Recep Tayyip Erdoğan Turkey city Ankara president economy crisis Coronavirus

Turkish finance minister, Erdogan's son-in-law, resigns post

ANKARA – Turkey’s finance minister and son-in-law to President Recep Tayyip Erdogan announced his resignation on social media Sunday.Berak Albayrak said on Instagram that he was stepping down from his post for health reasons and would spend more time with his family.Albayrak, 42, was appointed minister of finance and treasury in July 2018, having previously been energy minister for nearly three years.His resignation follows the dismissal over the weekend of central bank chief Murat Uysal and his replacement by former Finance Minister Naci Agbal.“I decided not to continue my duty as a minister after five years in office due to health problems,” Albayrak said.

Recep Tayyip Erdoğan Turkey city Ankara president economy

Turkey replaces central bank head as lira sees record lows

ANKARA – Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira.Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree announced in the Official Gazette.The decision came after the lira lost nearly a third of its value since the start of the year - hitting a record low of 8.58 against the U.S.

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