Tag: President Recep Tayyip Erdogan

  • Turkish President Erdogan orders expulsion of US, Germany, eight other countries ambassadors

    Turkish President Erdogan orders expulsion of US, Germany, eight other countries ambassadors

    Turkish President Recep Tayyip Erdogan on Saturday told his foreign minister to expel the ambassadors of 10 countries including Germany and the United States who appealed for the release of a jailed civil society leader.

    The envoys issued a highly unusual joint statement on Monday saying the continued detention of Parisian-born philanthropist and activist Osman Kavala “cast a shadow” over Turkey.

    The escalating row with the Western countries — most of which are also NATO allies — caps a torrid week for Turkey in which it was added to a global money-laundering and terrorism-financing blacklist and its currency plunged over fears of economic mismanagement and the risk of hyperinflation.

    “I have ordered our foreign minister to declare these 10 ambassadors as persona non grata as soon as possible,” Erdogan said, using a diplomatic term meaning the first step before expulsion.

    “They must leave here the day they no longer know Turkey,” he said, accusing them of “indecency”.

    The Western ambassadors had called for a “just and speedy resolution” to Kavala’s case.

    Kavala, 64, has been in jail without a conviction since 2017, and faces a string of charges linked to 2013 anti-government protests and a failed military coup in 2016.

    In comments about the ambassadors published in local media on Thursday, Erdogan said “we cannot have the luxury of hosting them in our country”.

    The Turkish lira extended its fall into record-low territory against the dollar within moments of Erdogan’s comments on fears of a new wave of Turkish tensions with the West.

    The lira has lost one-fifth of its value against the dollar since the start of the year and the annual inflation rate has reached nearly 20 percent — quadruple the government target.

    Erdogan is in danger of “dragging the Turkish economy into a president-made crisis”, Eurasia Group said.

    The diplomatic friction was compounded when the global financial misconduct watchdog FATF followed through on threats to place Turkey under surveillance for failing to properly combat money laundering and terrorism financing.

    Turkey joins a “grey list” of countries that includes Syria, South Sudan and Yemen.

    Erdogan had fought hard against the designation, introducing new legislation that was ostensibly aimed to fight terror networks — but which critics said ended up mostly targeted Turkish NGOs that promote pro-Kurdish causes and human rights.

    Although not well known internationally, Kavala has become a symbol to his supporters of the sweeping crackdown Erdogan unleashed after surviving the 2016 coup attempt.

  • Terrorists who attempted heinous coup against me still active in Nigeria – Turkey President

    Terrorists who attempted heinous coup against me still active in Nigeria – Turkey President

    Turkish President Recep Tayyip Erdogan has said that members of the Fetullah Terrorist Organisation (FETO) that attempted to push him out of power on July 15, 2016 through a failed coup are currently in Nigeria.

    Erdogan stated this on Wednesday during a joint press conference with President Muhammadu Buhari in Abuja, the nation’s capital.

    The Turkish leader is on a two-day working visit to Nigeria, just as he is also touring two other African countries – Togo and Angola.

    “Turkey has been fighting against terrorist organisations for many decades, such as the PKK, PYD, FETO, DASH and other terrorist organisations,” President Erdogan said through an interpreter.

    “The perpetrator of the heinous failed coup of July the 15th, FETO, is still illegally active in Nigeria, and we are continuously sharing our intelligence with the Nigerian interlocutors and authorities.

    “I hope and pray that our Nigerian brothers will forge a closer solidarity in this field with us, the Republic of Turkey.”

    He equally sought the collaboration of the Nigerian government to overcome extremism and terrorism that has become a global phenomenon.

    The Turkish president also commended President Buhari for hosting him and his delegation.

    He added, “The most auspicious results and I would like to thank my distinguished brother, President Buhari, for being such a gracious host for me and for my delegation.”

    TheNewsGuru.com, TNG reports that Erdogan arrived in Nigeria on Tuesday night and was welcomed by the Nigerian Foreign Minister Geoffery Onyeama; FCT Minister, Muhammad Musa Bello, the Nigerian Ambassador to Turkey, Ismail Yusuf Abba, and the Turkish Ambassador to Nigeria, Hidayet Bayraktar, at Nnamdi Azikiwe International Airport.

    Turkish officials that accompanied Erdogan were the First Lady Emine Erdogan; Foreign Minister Mevlut Cavusoglu; Energy and Natural Resources, Minister Fatih Donmez; Defense Minister, Hulusi Akar; Trade Minister, Mehmet Mus among others.

  • Buhari in closed-door meeting with visiting Turkish President Erdogan

    Buhari in closed-door meeting with visiting Turkish President Erdogan

    President Muhammadu Buhari is holding talks with the President of Turkey, Recep Tayyip Erdogan, at the Presidential Villa in Abuja.

    The Turkish President, who arrived Abuja Tuesday evening, is expected to hold bilateral talks with President Buhari.

    Both leaders are expected to consider about 24 agreements and Memoranda of Understanding (MOU).

    Disclosing the visitation plans of the Turkish President Tuesday evening, in a statement, Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, also said Erdogan would be commissioning the Turkish Cultural Centre in Abuja.

  • President sacks Central Bank Governor after interest rate hike

    President sacks Central Bank Governor after interest rate hike

    Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for hiking interest rates and promising tighter monetary policies.

    In a decree published in the Official Gazette early on Saturday, President Recep Tayyip Erdogan announced the departure of Naci Agbal, a former finance minister.

    TheNewsGuru.com, TNG reports that the sacked bank chief will be replaced by a banking professor who has argued for lower interest rates.

    Agbal was brought in to lead the central bank after the Turkish lira hit record lows and inflation soared. In his months in office, Agbal had hiked the benchmark rate a total of 875 basis points, working to rebuild the credibility of the central bank after it was damaged by years of unorthodox policies.

    Agbal’s most recent hike of 200 points on Thursday took the rate to 19 percent, which was higher than analysts expected.

    The bank said tight monetary policy would be maintained until inflation, which has hit 15.61 percent, was brought under control.

    Erdogan is openly averse to high interest rates, claiming high rates cause inflation, which stands in opposition to mainstream economic theory.

    He has pressured the central bank to keep rates low to fuel borrowing and growth. Critics say the independence of the central bank has been severely damaged through political pressure.

    Erdogan’s decree on Saturday appoints Sahap Kavcioglu as the new central bank head. Kavcioglu is a banking professor and a columnist in a pro-government newspaper where he has argued for low interest rates.

    He previously served as a politician in Erdogan’s ruling party.

    Past central bank managers before Agbal have burned through most of Turkey’s reserves trying to support the currency while rates remained well below that of inflation.

    A modest recovery in the lira’s value since Agbal’s appointment in November had given the impression he had won Erdogan’s blessing to keep the rate high for some time to ward off inflation and help the lira recover.

    But Erdogan’s dislike of high interest rates has remained consistent, with him saying as recently as January that he was “absolutely against” them.

    “I know our friends get angry but with all due respect, if I am president of this country I will keep saying this because I believe that high interest rates will not help develop this country,” he said.