Erdogan’s government shows signs of panic in managing Turkey’s economic crisis by selling the country’s foreign exchange reserves to stem the pound’s devaluation
This new intervention of the central bank seems to have been in vain as the devaluation continues and is at 0.6%.
At the same time, official inflation, according to the Turkish statistical service Turkstat, stands at 21.31%, but most are … skeptical of this figure.
In fact, the leader of the official opposition, with the announcement of the inflation figures, went to the offices of the Turkish service, however they did not allow him to enter. “They are lying,” he told the press.
The statements of Ekrem Imamoglu, who for the first time spoke clearly about the state of the Turkish economy: “When the country owes $ 500 billion and is a country completely dependent on fuel, gas and energy, “Some may say they are not interested in the exchange rate, you can not fool people this way, inflation is close to 60%.”
At the same time, the Turkish side does not lack the provocative statements that this time come from Tanzu Bilgic.
The representative of the Turkish Foreign Minister, with his announcement, threatens Cyprus not to carry out the planned and completely legal investigations in its Exclusive Economic Zone
Specifically, it states:
“Turkey, as before but from now on, will not allow any foreign country, company or ship to carry out hydrocarbon exploration activities without a license in its areas of maritime jurisdiction, will not give such an opportunity and will continue to resolutely defend its rights. of our country and the “TRNC”. »
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