Turkey's New Era: Turkish President Erdogan takes oath of office

Turkey’s AK party names Yildirim as parliament speaker

Turkey’s AK party names Yildirim as parliament speaker

Turkey's Tayyip Erdogan ushered in the new, executive presidential system he had long campaigned for by putting his son-in-law in charge of the economy and promising a greater overhaul of a country he has dominated for 15 years.

He has also pledged to end the state of emergency that has been in place since the failed July 2016 coup and has seen the biggest purge in the history of modern Turkey.

Turkey narrowly approved the executive presidency in a contentious referendum previous year.

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Just as Ataturk transformed an impoverished nation at the eastern edge of Europe into a secular, Western-facing republic, Erdogan has fought to bring Islamic values back into public life and lift millions of pious Turks - long ostracized by the secular elite - out of poverty.

On the eve of Monday's inauguration authorities dismissed more than 18,000 state employees - majority from the police and army - in what the government said would be the final decree under emergency rule imposed following a failed 2016 coup.

Turkish President Tayyip Erdogan, accompanied by his wife Emine Erdogan, greets his supporters as he drives to the parliament to take the oath of office for a new presidential term.

Erdogan previously said that there will not be any members or parliamentarians of his Justice and Development Party (AK Party) in the new cabinet, hinting that it will be made up of ex-politicians and bureaucrats.

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The post of prime minister has been scrapped and the president will now be able to select his own cabinet, regulate ministries and remove civil servants, all without parliamentary approval.

His appointment - and the absence of familiar, market-friendly ministers from the cabinet - has helped send the lira sharply lower. "It is a sign that Erdogan will control economic policy even more", said Guillaume Tresca, a senior emerging markets strategist at Credit Agricole.

"We will take our country much further by solving structural problems of our economy", he said on Saturday, referring to high interest rates, inflation and the current account deficit.

Ankara-President Recep Tayyip Erdogan Tuesday promoted Turkey´s army commander to overall armed forces chief in a radical military shake-up after the outgoing top general was given the post of defence minister.

Under his leadership Ankara started accession talks with the European Union, which stalled amid EU criticism of Turkey's human rights.

With more than 900,000 active personnel, Turkey has the second largest force in North Atlantic Treaty Organisation after the United States which has nearly 1.5 million.

Erdogan's restructuring is the most significant adjustment of the country's political system since the formal establishment of modern Turkey. After his election victory two weeks ago, Erdogan said he would spare no effort to spur economic growth. He also promised to "leave behind a system that cost the country heavily because of the political, social and economic chaos it caused in the past", according to Hurriyet Daily News.

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