Turkish Finance Minister Berat Albayrak - son-in-law of President Recep Tayyip Erdogan - said Sunday that he will step down for health reasons, in the second sudden departure of a senior economic policy maker within two days after the overthrow of the central bank governor.

Albayrak's resignation - which he announced through his Instagram account and confirmed by one of the officials - came one day after President Erdoan dismissed the central bank governor, and appointed him as a former minister instead of him, whose policies do not seem to coincide with Albayrak.

"I decided not to continue my duties as a minister after 5 years in the position for health reasons ... I will spend my time with my mother, father, wife and children, whom I neglected for many years due to necessity," Albayrak said in the statement.

Albayrak, 42, took over the position of finance minister two years ago after working in another ministry, and previously held the position of energy minister between 2015 and 2018. Albayrak is married to Erdogan's eldest daughter Israa.

Two sources in the presidency were unable to confirm or deny the statement when "Reuters" contacted them (Reuters).

But an official in the Ministry of Finance confirmed the authenticity of the statement.

Erdogan must accept Albayrak's resignation, and it is not yet known whether his resignation will be accepted or not.

Earlier this year, Turkish Interior Minister Suleiman Soylu submitted his resignation.

But Erdogan refused to accept it, and the minister is still in office.

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Deputy Transport Minister Omar Fateh Sayan said on Twitter that he hopes to reject Albayrak's resignation, adding, "Our country, our people and our society need you."

Muhammad Musa, deputy head of the ruling Justice and Development Party (AKP) bloc in parliament, said Albayrak has taken important steps to boost the economy, and he hopes Erdogan will not accept the resignation.

"We have seen his tireless work ... if our president deems it appropriate, I hope that he will continue in his position," Moussa added on Twitter.

Erdogan has always opposed high interest (Reuters)

A number of party deputies attached their tweets in support of the resigning finance minister with the tag "We are with you Albayrak's innocence."

But the former chief economic adviser to the governor of the Central Bank, Hakan Kara, welcomed on Twitter the resignation, AFP reported.

"At this stage there is only one thing that can be done to get out of the crisis, and it is," Kara wrote.

"It is clear that what must be done in the first stage is to reverse everything that happened in the past two years."

During the two-year period during which Albriq assumed the Ministry of Finance, Turkey experienced a financial crisis in 2018, followed by a period of recession, leading to the decline in the value of the Turkish lira in the current year to its lowest level against the dollar.

Albayrak's resignation comes the day after Erdogan was sacked, the governor of the Central Bank, after the Turkish lira lost 30% of its value against the dollar since the beginning of the year.

The new governor of the central bank is former Finance Minister Naji Iqbal to succeed Murad Uysal, who held his position for only 16 months.

Ousal was removed by a presidential decree issued on Saturday.

Uisal took office in July 2019 after the dismissal of his predecessor, Murat Chetin Kaya, amid disagreements between him and President Recep Tayyip Erdogan over lowering interest rates.

Erdogan has always opposed higher interest rates, and the Saturday before last he said he was fighting "an evil triangle of interest rates, exchange rates and inflation."