Turkey's finance minister Lütfi Elvan replaced by his deputy

Turkey's Treasury and Finance Minister Lütfi Elvan was replaced by his deputy Nureddin Nebati on Dec. 2.

Thursday December 02 2021 12:48 am

Duvar English

Turkey's Treasury and Finance Minister Lütfi Elvan was replaced by his deputy Nureddin Nebati on Dec. 2.

Earlier rumors have said that Elvan might soon resign from his post as he drew the condemnation of President Recep Tayyip Erdoğan over his remarks on tackling inflation.

AKP officials were quoted as saying that Erdoğan got mad at Elvan's remarks.

Erdoğan last month addressed his ruling Justice and Development Party (AKP) members in parliament, saying that he can't walk alongside those defending interest rates.

"Interest rates are the cause and inflation is the result. Our friends who defend interest rates should not be offended, but I can't walk together with those defending interest rates," Erdoğan said.

"What's happening to our friends?" Erdoğan asked, in remarks which AKP officials said were pointing to Elvan.

While all of the AKP lawmakers were seen on cameras applauding Erdoğan over his speech, it was just Elvan who did not applaud the president.