Flash statement from Berat Albayrak about the fluctuation in foreign currency!

Treasury and Finance Minister Berat Albayrak made evaluations about the agenda in the program he attended at CNN Türk.

Regarding fluctuations in exchange rates, “Is this storm affecting us? When the dollar rises, I get worried; should we worry? “ Albayrak said, “Do you get a salary in dollars? Do you have dollar debt? Do you have a business with dollars? ” he asked and said:

* Turkey has entered a psychological climate for measuring perceptions of the economy with an exchange rate since the free market economy since the late 80s. We are in a period where this affects much less than in the past.

Historically, more affecting system was established, which is associated with the curing of Turkey’s fragility. Already it has it affected you less economic transformation in Turkey.

* The mobility in the exchange rate is 20 kurus, 10 kurus down, 30 kurus down, 20 kurus down… Or the talk in the street is always the current levels …

* It was at this level two years ago. Do you remember, it was at this level in 2018, it was said that the dollar will rise to the moon or something. He fell. Then one print out again, then again…

“THE BIGGEST ECONOMIC CRISIS IN THE WORLD HISTORY”

‘Do you say that the Turkish economy is now firmly on the ground, and should we not care about the dollar’s ups and downs as much as before?’ Albayrak replied “I am saying exactly that” and continued his words as follows;

* 2 According to the prior year period we are going through today in Turkey’s economy, much more powerful than the fragility in this sense. In such a period. The biggest economic crisis in the history of the world is going on.

* Turkey, one of the countries least affected by the world compared to the whole country. Turkey is distinguished in the positive stock market performance. The stock market performance of many countries has decreased by 20 percent, 30 percent.

* Turkey as a good resting point in terms of stock market performance. Let’s look at the exchange rate performance of developing countries for example. Class in emerging countries such as Turkey, South Africa, Brazil, Russia, Mexico and many other countries.

* 30 percent are 25 and 20 versus 15 percent in value … in many currencies kaybetmiş.türki 18, 19 affected.

“TURKEY WILL BE AT LEAST AFFECTED COUNTRIES”

* Turkey is one of the least affected countries at this point. Stock market performance in many countries have experienced downsizing and decline, Turkey in a better spot. South Africa, Brazil, Mexico lost 20-25 percent of their value in currencies. Affected. Turkey affected 17-18 percent.

* Growth figures have been announced. The USA contracted 33 percent and Europe 15 percent. Turkey will again be the least affected countries. We will be the fastest recovery country when we enter the normalization process.

“THE SECOND QUARTER WILL BE POSITIVE”

* A tremendous storm has broken out in the global climate for months. Turkey entered measuring the economy since it went on to establish a free market economy. Turkey living in countries with shrinking 2nd quarter performance will be one of the least affected countries. The second quarter will be positive.

“WE Deal With LOBBIES MORE THAN THE CRISIS”

* 2 years ago in Turkey’s economy in the new financial system we need to create an economy that rests on very strong foundations in this regard. The biggest economic crisis in the history of the world is going on. We are dealing with crisis lobbies rather than crises.

“CITIZENS DO NOT HAVE SUCH A TROUBLE”

“Does the rise in the currency make you a big fuss? Has the fluctuation of the last few days worried you? “ Albayrak answered the question as follows:

* We arrived in 2018. Tweets were taken, sanctions were announced, hopped on a … Turkey was established in this or that point of fragility. Then we took some steps and the exchange went down again from 7s to 6s to 5s. Then we went through a process and went up to 6’s again.

* During the crisis, during the pandemic period, it rose to 7s again, then decreased to 6s again. Now, in the last week, 15 days, 1 month, it has gone from 6 to 7. It comes in, comes out.

* Here is the main issue. Financial security checkpoints, economic infrastructure point of all this volatility in a controlled way in managing and Turkey is nowhere to be directed. In this sense, it has a very strong infrastructure.

* What matters is not the level of the exchange rate, but whether it is competitive. Establish a competitive level for the first time in Turkey’s history, it was brought in a structure that will transform the economy.

* The man complains, ‘Dude, this is how it happened’. You look at those who complain, ‘Why Mercedes, BMW became expensive, I was going abroad, I used to travel very cheaply.’ Citizens do not have such a problem, you have such a problem. So you worry.

* On the contrary, we say that my currency should be more attractive and competitive for the exporter for tourism to come. Those times are over. At one point there were “one lira, one dollar billionaires”. It is against mathematics. Many of those who make these criticisms today are people who do not make any of these criticisms at the point of real economy.

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