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Turkey's President Erdogan announces snap election in June

09:33 PM | 18 Apr, 2018
Turkey's President Erdogan announces snap election in June
ANKARA - Turkey will hold snap presidential and parliamentary elections on 24 June, brought forward by President Recep Tayyip Erdogan from November 2019.

He has run Turkey since 2002 and will seek five more years with beefed up powers approved in a referendum last year.

The idea of an early poll was initially proposed by nationalist allies. The elections had previously been slated for November 2019.

Erdogan said in televised speech the country needed the new election to rid it of "the diseases of the old system".

“Developments in Syria and elsewhere have made it urgent to switch to the new executive system in order to take steps for our country’s future in a stronger way.”

https://en.dailypakistan.com.pk/world/un-launches-new-plan-for-syrian-refugees-in-turkey/

"Be it the cross-border operations in Syria, or incidents of historic importance centred in Syria and Iraq, they have made it imperative for Turkey to overcome uncertainties quickly," Erdogan said.

Ankara has labelled the Syrian Kurdish fighters "terrorists", saying they are affiliated with an outlawed Kurdish group fighting inside Turkey.

With the upcoming election, Turkey will switch from a parliamentary system to a presidential one that will increase the powers of the president.

The system was changed in an April 2017 referendum that was narrowly won by the government's "yes" camp.

The constitutional changes passed in the vote give the next president new powers to appoint vice presidents, ministers, high-level officials and senior judges. They also allow the president to dissolve parliament, issue executive decrees and impose states of emergency.

Turkey’s lira currency firmed slightly against the dollar, and was at 4.0602 at 1314 GMT. The yield on Turkey’s benchmark bond fell some 10 basis points.

The writer is a member of the staff.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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