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Politics

Turkey's finance minister resigns amid plunge in lira

Lutfi Elvan, voice of orthodoxy, is replaced by Erdogan loyalist Nureddin Nebati

Former Finance Minister Lutfi Elvan had been seen as the last remaining voice of economic orthodoxy in the Turkish cabinet.   © Reuters

ANKARA (Financial Times) -- Turkey's finance minister has resigned and been replaced by a loyalist to President Recep Tayyip Erdogan amid a sharp plunge in the lira.

Lutfi Elvan, who was seen as the last remaining voice of economic orthodoxy in the Turkish leader's cabinet, asked to be relieved of his duties, according to the country's official gazette.

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