There is no end to the collapse of the Turkish pound, with the citizens in the neighborhood panicking. The Turkish currency recorded a new decline today, Tuesday, flirting again with historical lows, while the dismantling of central bank executives continues.
It is indicative, as broadcast by Manolis Kostidis, the Turkish pound recorded a new decline, setting the exchange rate at 13.4 pounds per dollar and 15.2 pounds per euro, while large purchases are made exclusively in euros and dollars.
The free fall of the Turkish economy, which continues unabated, has left citizens in despair, setting fire to basic necessities, while Development and Progress Party (DEVA) leader Ali Babacan says Erdo οan’s international investment is not are enough to support the Turkish economy.
“It simply came to our notice then. “I’m retired, with a pension I’m trying to survive, a little full and a little hungry,” says one woman.
The market situation is desperate, as meat is no longer a luxury for impoverished citizens, traders have gone so far as to sell bones, provoking the fiery darts of the opposition against Tayyip Erdogan.
“Believe me, we can not buy this bone either,” says another housewife.
Republican People’s Party MP Gursel Tekin said: “Our people look like this here. They have taken out his meat and he is left with the bone… »showing a bone with traces of meat from the market.
Within a year, the Turks have lost 68% of their savings from the devaluation of the Turkish pound and the professionals are in a nervous crisis.
“By the time you enter my store, my debt has increased by λί 500. “Our debts are in dollars,” said one trader.
“We buy products in dollars. “And when the exchange rate goes up, it automatically increases our debt.”
And while citizens are unable to buy even a loaf of bread on their own, forming queues at municipal kiosks for the people’s bread, Tayyip Erdogan insists on his own math.
“After I studied economics. I tell you that the interest rate is a cause and not an effect. Inflation is the result. Tayyip Erdogan does not make such a zigzag. He talked about low interest rates from the beginning and he says: “this interest rate will fall”.
The dismantling of the Central Bank executives continues at a steady pace, with the resignation this time of the head of the financial markets department.
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