ANI
02 Dec 2021, 06:07 GMT+10
Ankara [Turkey], December 2 (ANI/Sputnik): Turkish President Recep Tayyip Erdogan replaced the republic's minister of finance and treasury amid a record drop in the Turkish lira exchange rate, according to the decree published in the official Resmi Gazette newspaper.
Elvan was appointed to the post of finance minister in November 2020 following the resignation of Erdogan's son-in-law, Berat Albayrak, who previously held this post. In 2015-2016, Elvan was Turkey's deputy prime minister.
Nebati, who holds a doctorate in political science and who was engaged in textile business, served as deputy finance minister prior to his appointment as minister, expressing his determination to continue the policy of lowering the discount rate.
The exchange rate of the Turkish currency on Wednesday morning fell due to a new decrease in the discount rate by the central bank of Turkey expected in mid-December; the lira once again hit a fresh all-time low - 13.71 per 1 US dollar. (ANI/Sputnik)Get a daily dose of Colorado Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Colorado Star.
More InformationLONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
New Delhi [India], July 2 (ANI): Indian stock markets opened on a positive note on Wednesday, supported by optimism surrounding a potential...
New Delhi [India], July 2 (ANI): The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near...
New Delhi [India], July 2 (ANI): The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with...
The inflation is driven by the price of services, which recorded a yearly inflation rate of 3.3 percent in June, up from 3.2 percent...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...