Berat Albayrak was Turkey’s finance minister for nearly five years now that President Erdogan’s son-in-law resigns. He cites health problems as the reason, but there could be more to it.

Turkish President Recep Tayyip Erdogan’s son-in-law has announced his resignation as finance minister. “After nearly five years in ministerial posts, I decided not to continue my office (as Finance Minister) due to health concerns,” Berat Albayrak said on his Instagram account.

The Turkish lira has depreciated dramatically in recent months and Turkey is in an economic crisis. On Friday evening, 8.52 Turkish lira was traded for one dollar. Since the beginning of the year, the Turkish currency has lost nearly 30 percent against the US dollar.

Given the crisis, central bank director Murat Uysal, who had only been in office since July 2019, was fired on Saturday and replaced by former finance minister Naci Agbal.

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