Turkish President Recep Tayyip Erdogan has appointed Nureddin Nabati as the country's new minister of treasury and finance after accepting the resignation of Lutfi Elvan.
The Official Gazette announced that Nabati's appointment came in the early hours of Thursday morning, against the background of the sharp drop in the Turkish lira prices by 27% during last November.
The Turkish currency has fallen to historical levels due to the trend of economic policy.
Elvan - the resigned - a former deputy finance minister and a longtime member of the ruling Justice and Development Party (AKP), took over the post of finance minister just over a year ago after replacing Barat Albayrak, Erdogan's son-in-law.
The Minister of Nabati, born in 1964, graduated from the Faculty of Political Science at Istanbul University, and completed a master's degree in international relations from the Institute of Social Sciences at the same university, then obtained He holds a PhD in Political Science and Public Administration from the Institute of Social Sciences at Kocaeli University.
Among the positions that Nabati held were head of financial affairs in the Central Council of the Justice and Development Party, and then Deputy Minister Lotfi Alwan before taking the position of minister instead.
