Turkish president Recep Erdogan emerged victorious in the elections, extending his rule beyond two decades, winning 52.2% of the votes against Kemal Kilicdaroglu’s 47.8%. Erdogan’s victory caused the Turkish Lira to plummet to a new low, creating concerns about continuing unconventional economic policies. All eyes are now on Erdogan’s upcoming cabinet appointments, hinting at the possibility of reduced state intervention in markets.