Recep Tayyip Erdoğan remains firmly in office as Turkey’s president, with his current term under the executive system scheduled to conclude in 2028. Allies in the People’s Alliance, including MHP leader Devlet Bahçeli, have publicly urged parliament to approve an early election renewal that would activate a constitutional exception allowing him to seek another term, while advisers have floated April 2028 as a likely date. Erdoğan continues active governance, including recent cabinet meetings, diplomatic outreach on regional issues such as Yemen, and domestic policy responses to economic and legal matters. No verified health, resignation, or removal developments have surfaced in recent months, and opposition efforts have not produced immediate threats to his position. Traders therefore focus on the durability of ruling coalition support and the procedural path to 2028 as the dominant factors shaping probabilities around any near-term exit.