July 9, 2018 / 8:23 PM / 5 months ago

Turkey's Erdogan names son-in-law finance minister in new cabinet

Berat Albayrak speaks during the groundbreaking ceremony of the Akkuyu Nuclear Power Plant, at the Presidential Palace in Ankara, Turkey April 3, 2018. REUTERS/Umit Bektas

ANKARA (Reuters) - Turkish President Tayyip Erdogan named his son-in-law as Treasury and Finance minister in the new cabinet on Monday, sending the lira currency lower and likely deepening concern about central bank independence.

In a ceremony in Ankara hours after he was sworn in to the new executive presidency he has long sought to establish, Erdogan named the ministers in his new cabinet, tapping his son-in-law, Berat Albayrak to take charge of the Treasury and Ministry of Finance.

Reporting by Tuvan Gumrukcu and Ece Toksabay; Writing by David Dolan; Editing by Humeyra Pamuk

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