Berat Albayrak

Turkish government keeps silent on the resignation of Economy Minister

Uncertainty persists after Erdoğan’s economy minister and son-in-law, Berat Albayrak, announced on Instagram his resignation.

Turkish government remains silent on a possible resignation of Berat Albayrak, Turkey’s Minister of Economy and Finance and Erdoğan’s own son-in-law, after some media in the Eurasian country echoed a statement that Albayrak himself had posted on Sunday on his Instagram account announcing his resignation for alleged health reasons.

While the Turkish president continued on Monday without commenting on the issue, a meeting of the executive of his Justice and Development Party (AKP) was announced for 5:30 p.m. under the presidency of Erdoğan himself to address this matter, after which was scheduled a press conference. AKP spokesperson, the former Minister of Culture and Tourism Ömer Çelik, assured through his Twitter profile that the appearance before the media would take place around 7:00 p.m. local time (5:00 p.m. CET).

However, around 7:30 pm in Turkey, Çelik told the media that he would not comment on Albayrak’s resignation and implied that it had not yet been accepted by Erdoğan. “Accepting the resignation is something that is at the discretion of the President of the Republic,” said Çelik, who nevertheless denied an internal crisis in the party.

The alleged resignation of the Minister of Economy came a day after the dismissal of the hitherto governor of the Central Bank of Turkey (TCMB), Murat Uysal, who has been replaced by the former Minister of Finance – and predecessor in the position of Albayrak himself – Naci Ağbal, who until now held a position as the head of the Strategy and Budgets Presidency, a position created in 2018 after the disappearance of the Ministry of Development.

Ağbal has promised as soon as he took office that he will use “all means” available to maintain price stability in Turkey, where many on social media yesterday blamed the allegedly resigned Minister of Economy Berat Albayrak for being the cause of the Turkish lira has lost 100% of its value against the dollar and the euro during the 5 years that it has been in charge of the ministry.