Erdogan appoints son-in-law to finance minister

It was at a ceremony in Ankara, Turkey, just hours after the inauguration of Recep Tayyip Erdogan as executive chairman, while he appointed his new ministers , writes Reuters

. Albayrak, who acts as Finance Minister, and will take care of the treasury. In addition, Fuat Oktay becomes Vice President and Minister of Foreign Affairs Mevlut Cavusoglu.

"A New Beginning"

President Erdogan said during the day that "like Turkey and the Turkish people, we are starting a new beginning, we are leaving the old system that has forced our country to pay a high price in a political and economic chaos behind us. "

The introduction of the new presidential system is the biggest change in the state since the establishment of the Turkish Republic after the '. Ottomanism

Now the president of the country can choose his own government and regulate who are ministers without the support of parliament.

The currency falls

After the announcement of the new government, the lion was weakened, the currency of the country, by almost three percent. During the year, Liran lost about one-fifth of its value against the US dollar and is now down.

In the EU, concerns about Erdog 's growing power and boilers have been trimmed because of Erdogan' s plan. greater control over the country's economy after the elections of in June writes Reuters.