Erdogan, accompanied by his wife Emine, arrives for the oath ceremony at the Presidential Palace in Ankara. AFP / ADEM ALTAN
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Erdogan unveils new Cabinet lineupAfter having been sworn into his new term, Turkish President Recep Tayyip Erdogan named his son-in-law as treasury and finance minister in the new Cabinet 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 for the Treasury and Finance Ministry.The Cabinet is the first named by Erdogan under a new system that has dispensed with the office of prime minister and concentrated powers under the president.In one of the most significant changes, the EU Affairs Ministry, set up in 2011 to oversee Turkey's faltering bid to join the bloc, has been subsumed into the Foreign Ministry.Assuming the new executive presidency he has long fought to establish, Erdogan took the oath of office in Parliament earlier Monday before addressing several international leaders gathered at the presidential palace in Ankara.
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