The Japan Times - Erdogan sworn in for third term as Turkish president

EUR -
AED 4.051266
AFN 71.693658
ALL 90.57862
AMD 397.666369
ANG 1.974766
AOA 1011.426746
ARS 1702.71518
AUD 1.627409
AWG 1.987006
AZN 1.879433
BAM 1.952133
BBD 2.222126
BDT 137.222233
BGN 1.956016
BHD 0.416199
BIF 3312.826808
BMD 1.102973
BND 1.420612
BOB 12.880629
BRL 6.225626
BSD 1.103228
BTN 103.916384
BWP 15.420823
BYN 3.305246
BYR 21618.272922
BZD 2.218932
CAD 1.573072
CDF 2553.383145
CHF 0.925797
CLF 0.027895
CLP 1097.866779
CNY 7.357548
CNH 7.360972
COP 3673.926216
CRC 494.371343
CUC 1.102973
CUP 26.477902
CVE 110.05826
CZK 24.402843
DJF 196.020815
DKK 7.475235
DOP 67.113018
DZD 151.076477
EGP 58.918512
ERN 16.544597
ETB 181.078189
FJD 2.508547
FKP 0.833097
GBP 0.834989
GEL 2.857131
GGP 0.833097
GHS 12.935525
GIP 0.833097
GMD 81.620402
GNF 9774.638724
GTQ 8.434042
GYD 230.813287
HKD 8.653381
HNL 29.667003
HRK 7.535227
HTG 144.676264
HUF 364.550304
IDR 20123.854658
ILS 3.547938
IMP 0.833097
INR 103.971264
IQD 1672.535462
IRR 2110539.043068
ISK 136.603645
JEP 0.833097
JMD 174.322542
JOD 0.782052
JPY 176.337869
KES 143.29869
KGS 96.43901
KHR 4532.424379
KMF 491.926393
KPW 992.676183
KRW 1474.702664
KWD 0.343566
KYD 0.919361
KZT 491.759561
LAK 24834.349648
LBP 98796.071866
LKR 366.945717
LRD 187.555134
LSL 18.651111
LTL 3.256793
LVL 0.667178
LYD 7.111512
MAD 10.931334
MDL 20.040083
MGA 5012.584057
MKD 61.533137
MMK 2316.133093
MNT 3975.205126
MOP 8.916028
MRU 44.619185
MUR 52.523997
MVR 16.997233
MWK 1913.080336
MXN 20.46463
MYR 4.506863
MZN 70.491427
NAD 18.651195
NGN 1485.572836
NIO 40.602993
NOK 10.555778
NPR 166.261148
NZD 1.996249
OMR 0.424084
PAB 1.103228
PEN 3.753948
PGK 5.034543
PHP 70.498185
PKR 305.076277
PLN 4.405992
PYG 6847.13792
QAR 4.021845
RON 5.349314
RSD 117.651978
RUB 91.216298
RWF 1632.211757
SAR 4.156683
SBD 8.931103
SCR 15.347339
SDG 663.442379
SEK 11.114142
SGD 1.42095
SHP 0.826476
SLE 25.262128
SLL 23128.798636
SOS 630.487074
SRD 41.35087
STD 22829.316447
STN 24.454064
SVC 9.653866
SYP 14340.856725
SZL 18.645721
THB 37.402225
TJS 10.177444
TMT 3.871436
TND 3.325653
TOP 2.655695
TRY 55.552789
TTD 7.488932
TWD 36.274694
TZS 2921.687931
UAH 50.160775
UGX 4556.440904
USD 1.102973
UYU 44.716003
UZS 13267.078314
VES 993.21681
VND 28374.534697
VUV 132.72376
WST 3.082654
XAF 655.957
XAG 0.022472
XAU 0.00028405106
XCD 2.98084
XCG 1.988329
XDR 0.779859
XOF 655.957
XPF 119.331742
YER 260.857098
ZAR 18.675293
ZMK 9928.085496
ZMW 22.556322
ZWL 355.156891
SSP 6558.841327
MXV 2.298203
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Erdogan sworn in for third term as Turkish president

Erdogan sworn in for third term as Turkish president

Turkey's Recep Tayyip Erdogan was on Saturday sworn in for a third term as president, promising to serve "impartially" after winning a historic runoff election to extend his two-decade rule.

Text size:

The inauguration in parliament will be followed by a lavish ceremony at his palace in the capital Ankara attended by dozens of world leaders.

Turkey's transformative but divisive leader won the May 28 runoff against a powerful opposition coalition, despite an economic crisis and anger over a February earthquake that killed more than 50,000 people.

Erdogan won 52.18 percent of the vote while his secular rival Kemal Kilicdaroglu scored 47.82 percent, official results show.

"As president, I swear upon my honour and integrity, before the great Turkish nation ... to work with all my power to protect the existence and independence of the state ... and to fulfil my duty impartially," Erdogan said in parliament after a ceremony outside the building where he saluted soldiers under pouring rain.

Supporters in parliament gave Erdogan a minute-long standing ovation after his swearing in, while some opposition lawmakers refused to stand up.

In his oath, Erdogan also promised not to deviate from the rule of law and the secular principles of the republic founded by Mustafa Kemal Ataturk 100 years ago.

Turkey's longest-serving leader now faces significant immediate challenges in his third term, including the slowing economy and tensions with the West.

"From a geopolitical point of view, the election will reinforce Turkey's recent pursuit of an independent foreign policy," said Matt Gertken, chief geopolitical strategist at BCA Research.

"This policy aims to extract maximum economic and strategic benefits from eastern and autocratic states while still preventing a permanent rupture in relations with western democracies," he said.

"Tensions with the West will likely increase again," Gertken added.

Azerbaijan's President Ilham Aliyev, Iran's vice president Mohammad Mokhber, Hungary's right-wing Prime Minister Viktor Orban and the speaker of the lower house of Russia's parliament, Vyacheslav Volodin, are among the foreign guests expected at the ceremony later Saturday.

Armenia's Prime Minister Nikol Pashinyan will also be present, his office said, the latest sign of a thaw between the two arch foes.

- Biting economy -

Addressing the country's economic troubles will be Erdogan's first priority, with inflation running at 43.70 percent, partly due to his unorthodox policy of cutting interest rates to stimulate growth.

The president is due to unveil his new cabinet on Saturday, with media speculating that former finance minister Mehmet Simsek, a reassuring figure with international stature, could return.

A former Merrill Lynch economist, Simsek is known to oppose Erdogan's unconventional policies.

He served as finance minister between 2009 and 2015 and deputy prime minister in charge of the economy until 2018, before stepping down ahead of a series of lira crashes that year.

"Erdogan's government looks like it will pursue an orthodox stabilisation programme," said Alp Erinc Yeldan, professor of economics at Istanbul's Kadir Has University.

"What we see now is that the news about Mehmet Simsek and his team is greeted with enthusiasm by the markets," he told AFP.

Turkey's new members of parliament were sworn in on Friday in its first session after the May 14 election, with Erdogan's alliance holding a majority in the 600-seat house.

Kilicdaroglu's future as leader of the CHP party remains in doubt following his defeat to Erdogan.

- NATO chief visits -

NATO allies are anxiously waiting for Ankara to green-light Sweden's drive to join the US-led defence alliance, before a summit in July.

Erdogan has delayed approving the application, accusing Stockholm of sheltering "terrorists" from the outlawed Kurdistan Workers' Party (PKK) which is listed as a terror group by Ankara and its Western allies.

NATO chief Jens Stoltenberg will attend Erdogan's inauguration and hold talks with him, the alliance said Friday.

Sweden's foreign minister, Tobias Billstrom, said on Twitter that "a clear message" had emerged at a NATO meeting in Oslo for Turkey and Hungary to start the ratification process.

His Turkish counterpart Mevlut Cavusoglu responded on Twitter: "A crystal clear message to our Swedish friends! Fulfil your commitments (and) take concrete steps in the fight against terrorism.

"The rest will follow."

M.Yamazaki--JT