Erdogan takes on new powers, names son-in-law finance chief

  • Erdogan takes on new powers, names son-in-law finance chief

Erdogan takes on new powers, names son-in-law finance chief

Presidents Buhari and Erdogan enjoy a great relationship and have met a number of times since their coming into office.

The inauguration was to be followed by a lavish ceremony at his palace on Monday evening attended by dozens of world leaders marking the transition to the new executive presidency system.

The lira currency, which has been battered this year by concerns about President Tayyip Erdogan's drive for greater control over monetary policy, declined after the changes were published.

His appointment - and the absence of familiar, market-friendly ministers from the cabinet - has helped send the lira sharply lower.

Erdogan referred to the principles of Mustafa Kemal Ataturk, the founder of the modern Turkish Republic. As head of the executive branch, Erodgan will have the power to issue decrees with the force of law, prepare the budget subject to parliament's approval, dissolve parliament and call for new presidential and parliamentary elections, and appoint high-level officials, including ministers and some top judges. Erdogan's supporters see the changes as a just reward for a leader who has put Islamic values at the core of public life, championed the pious working classes and overseen years of strong economic growth.

TIGHTENING GRIP Since taking office in 2003, first as prime minister and later as president, Erdogan has dominated Turkey, tightening his grip over the country of 81 million people as he tamed rival power centres including the military, which toppled some previous governments.

On the eve of Monday's inauguration authorities dismissed more than 18,000 state employees - majority from the police and army - in what the government said would be the final decree under emergency rule imposed following a failed 2016 coup. He also promised to "leave behind a system that cost the country heavily because of the political, social and economic chaos it caused in the past", according to Hurriyet Daily News.

The Government said its measures were necessary given the security situation. "In other words, Turkey will be an institutionalized autocracy".

"Albayrak was one of 16 ministers named in the new streamlined cabinet after the ceremony at the presidential palace, which state news agency Anadolu said was attended by Venezuelan President Nicolas Maduro, Russian Prime Minister Dmitry Medvedev and Sudanese President Omar Hassan al-Bashir, who is wanted for war crimes by the International Criminal Court". The only European Union leaders are set to be Bulgarian President Rumen Radev and Hungary's strongman Prime Minister Viktor Orban. Inflation surged last month above 15 percent, its highest level in more than a decade, even though the central bank has raised interest rates by 5 percentage points since April. The lira, which gained more than 1 percent earlier on Monday to 4.51 against the dollar, briefly fell back sharply after a government decree removed a clause stipulating a five-year term for the central bank governor.

In the aftermath of the coup, Turkey, a member of the North Atlantic Treaty Organisation military alliance and still nominally a candidate to join the European Union, has detained some 160,000 people, jailed journalists and shut down dozens of media outlets.

"When you scrap the five-year term you remove this shield", he said.