Finance
(Bloomberg) — Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, bringing back an advocate of conventional economics to shore up market confidence after elections, according to people with direct knowledge of the matter.
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Simsek is set to be in charge of all of Turkey’s economic policies in the new cabinet, which is expected to be announced on Saturday, the people said, asking not to be identified because of sensitivity of the matter.
The lira briefly erased losses on the news before dropping to trade 0.3% weaker against the…