Amir attends inauguration ceremony of Turkish President

Daniel Fowler
July 10, 2018

ECONOMIC CONTROL Erdogan will take the oath of office in parliament at 4 pm (1300 GMT), before attending a ceremony two hours later at the huge presidential palace he has constructed in the capital.

Turkey-based news channel TRT World reported that "22 heads of state and 28 prime ministers and speakers of parliament [were] scheduled to attend the ceremony" and over 10,000 people were anticipated to attend.

Under the new decree, the president will decide on the promotion of top officers, including colonels, brigadier generals, rear admirals, generals and admirals, in the Turkish Armed Forces (TSK).

Opponents say the new powers mark a lurch to authoritarianism, accusing Erdogan of eroding the secular institutions set up by modern Turkey's founder, Mustafa Kemal Ataturk, and driving it further from Western values on democracy and free speech.

Erdogan narrowly won a referendum previous year to replace Turkey's parliamentary democracy with a system featuring an all-powerful presidency, and followed that with a hard-fought election victory last month to the newly strengthened post. Foreign Minister Mevlut Cavusoglu remained in his post.

Erdogan´s supporters see the changes as 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.

Erdogan, who has transformed Turkey in 15 years of rule by allowing Islam a greater role in public life and boosting its worldwide stature, took his oath in parliament for a five-year term after his June election victory.

Erdogan's restructuring is the most significant adjustment of the country's political system since the formal establishment of modern Turkey, which supplanted the shattered remains of the Ottoman Empire.

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The lira, which has lost almost a fifth of its value against the dollar this year, dropped almost 3 percent to 4.74 to the dollar minutes after the cabinet announcement.

The government says its measures are necessary given the security situation. "In other words, Turkey will be an institutionalized autocracy".

Those attending the ceremony at the presidential palace on Monday evening will include Russian Prime Minister Dmitry Medvedev, in a new sign of the warm ties between Ankara and Moscow. The only European Union leaders are set to be Bulgarian President Rumen Radev and Hungary's strongman Prime Minister Viktor Orban. North Atlantic Treaty Organisation member Turkey's relations with its Western allies have been strained by disputes with the United States over military strategy in Syria and by European Union criticism of Ankara's large-scale purges of state institutions, armed forces, police and media following the failed coup.

The new government faces immediate economic challenges.

Erdogan won an absolute majority in the presidential election with 52.5 percent of the vote, according to Turkey's Supreme Election Council (YSK).

Erdogan said he would publicize his cabinet picks later on Monday.

Scrapping the term would remove a shield that helps ensure the bank's independence from politicians, former central banker Ugur Gurses said.

"For the cabinet appointments in the past several years, the most important issue has been the presence of the current deputy prime minister, Mehmet Simsek", said Inan Demir, a senior economist at Nomura International.

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