Amid market tumult, Erdogan appoints new finance minister - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Diego Cupolo

Diego Cupolo

Nov 10, 2020

Newly appointed Treasury and Finance Minister Lutfi Elvan (L) speaks to media after attending a ceremony marking the 82th death anniversary of Mustafa Kemal Ataturk at the mausoleum in Ankara on November 10, 2020. - Turkey's lira surged to its biggest gain in two years on November 9, 2020, after President Recep Tayyip Erdogan's powerful son-in-law quit as finance minister following the abrupt appointment of a new central bank chief. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images) — Newly appointed Treasury and Finance Minister Lutfi Elvan (L) speaks to the press after attending a ceremony marking the 82th death anniversary of late Turkish leader Mustafa Kemal Ataturk in Ankara on Nov. 10, 2020. — ADEM ALTAN/AFP via Getty Images

Turkish inflation rises, raising expectations of further rate hikes

Diego Cupolo

Turkish President Recep Tayyip Erdogan delivers a speech following a cabinet meeting, in Ankara, on June 9, 2020. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Erdogan’s change of economy team signals snap election plan

Mustafa Sonmez

In Istanbul, reporting on economics

ISTANBUL, TURKEY - NOVEMBER 09: People wait to exchange money at a currency exchange shop on November 09, 2020 in Istanbul, Turkey. Finance Minister Berat Albayrak, the son-in-law of President Erdogan who has been in the role for five years, resigned Sunday citing health reasons. The country's currency has plunged 30 percent this year. After the resignation of Berat Albayrak, Turkish lira gained 3% against $ following the resignation. (Photo by Burak Kara/Getty Images)

Under new leadership, Turkish Central Bank delivers largest rate hike in two years

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Traders work at their desks on the floor of the Borsa Istanbul in Istanbul on May 22, 2018. - Turkey's embattled currency, the lira, has hit new historic lows against the US dollar after Fitch ratings agency expressed concerns over the central bank's independence in the wake of comments by President Recep Tayyip Erdogan. (Photo by OZAN KOSE / AFP)

Turkish markets rattled after surprise firing of central bank head

Diego Cupolo