Turkey: Former Deputy PM Appointed as Finance Minister

November 10, 2020

ANKARA — Turkish President Recep Tayyip Erdogan has appointed former deputy prime minister Lutfi Elvan as finance minister, to replace Erdogan's son-in-law who stepped down from the post, according to Turkey's Official Gazette on Tuesday.

Erdogan accepted Berat Albayrak's resignation late on Monday — a day after he announced on social media that he was quitting for health reasons and would spend more time with his family.

His resignation, however, followed the dismissal over the weekend of the central bank chief and his replacement by former Finance Minister Naci Agbal. Unconfirmed media reports said Albayrak staunchly opposed Agbal's appointment,

Albayrak, who has four children with Erdogan's daughter Esra, presided over a rough period in the Turkish economy. The country was recovering from a currency crisis in 2018 when the coronavirus pandemic hit and Albayrak's stewardship came under much criticism.

The Turkish lira has lost around 30% of its value since the start of the year, hitting a record low of 8.58 against the dollar on Friday, while annual inflation has hit 11.89%.

The lira firmed against the dollar on Monday, following news of Agbal's appointment and Albayrak's departure.

Elvan, 58, served as deputy prime minister between 2015 and 2016. Previously, he also held the posts of minister for development and minister of transportation, maritime affairs and communication.


ATHENS — For decades, Britain and Greece were able to differ, largely politely, over the world's toughest cultural heritage dispute: What's the right place for some of the finest ancient Greek sculptures ever made, which have been displayed in London for more than 200 years but which Greece vocally wants back.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Rosalynn Carter’s Intimate Funeral is Being Held in the Town Where She and Her Husband Were Born

PLAINS, Ga. (AP) — Rosalynn Carter received her final farewells Wednesday in the same tiny town where she and Jimmy Carter were born, forever their home base as they climbed to the White House and traveled the world for humanitarian causes.

WASHINGTON (AP) — House Republicans are considering holding a formal vote next month to authorize the impeachment inquiry into Joe Biden as the party looks to legitimize a process that has yet to yield any direct evidence of wrongdoing by the president.

JERUSALEM (AP) — It has become an Israeli mantra throughout the latest war in Gaza: Hamas is ISIS.

ATHENS – As the 100th anniversary of her birth approaches on December 2, the tributes to Maria Callas continue – literally all over the world.

NEW YORK – Ahead of The Hellenic Initiative’s 11th Annual New York Gala on December 2, honoree Ted Leonsis, the well-known entrepreneur and philanthropist, shared his thoughts with The National Herald.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.