Turkey: The mysterious background of the “beheading” of the Minister of Finance – How Erdogan ousted him

The President of Turkey has decided to dismiss his country’s Minister of Finance Tayyip Erdogan who in fact immediately proceeded with brief procedures to be replaced by a close friend of his son-in-law Berat Albayrak.

As SKAI’s correspondent in Turkey Manolis Kostidis broadcast on Thursday morning (2/12), the new Minister of Finance is his collaborator Berat Albayrak, son-in-law of the Turkish president and that is why many in Ankara talk about the “return of the groom”.

With backround the financial crash in Turkey Erdogan issued a presidential decree to replace Lutfi Elvan with Deputy Finance Minister Nuredin Nebati, which was published shortly after midnight on Wednesday (1/12).

The former finance minister strongly disagreed with the policy of reducing interest rates

Loutfi Elvan, as Manolis Kostidis pointed out, strongly disagreed with the controversial economic policy interest rate cuts followed by Erdogan to reduce inflation, which he warned would lead to disaster.

The replacement of the Minister of Finance, had been indirectly announced by Erdogan himself as in his speech stated that he will not accompany those who do not support the reduction of interest rates. There was a lot of discussion in Turkey about the plan that showed Lutfi Elvan not to applaud Erdogan during his speech.

“In this fight of ours, in this course of ours, those who support interest rates, let them not misunderstand me. “I can not accompany the one who supports interest rates, I will not be,” Erdogan had said.

The new finance minister is involved in textiles, he used to have his own gas station and then he got involved in politics.