Turkey won’t hold election after AKP changes leader: Presidential adviser

ISTANBUL - Reuters

Turkey is not expected to hold a snap election after the ruling Justice and Development Party (AKP) elects a new leader and will continue “securely” until the current government’s mandate expires in 2019, presidential adviser Cemil Ertem said May 5. 

Turkey and its economy will stabilize further when a prime minister more closely aligned with President Recep Tayyip Erdoğan takes office, Ertem said in a live interview with broadcaster NTV. 

The current economy management will stay in place, he said, adding that he did not expect any changes in monetary and fiscal policies. 

Declines in Turkish assets, especially the Turkish Lira amid worries about political turmoil will not continue and the lira may even become overvalued, undermining exports, he said.