Minister of Treasury and Finance, who was fulfilled after Lütfi Elvan requested his pardon at midnight Nureddin Nabati, He definitely draws attention with his statements. The statements made by Minister Nabati in the last few days are very important for the course of the Turkish lira in the coming days.
As of now, Minister Nebati is trying to solve the problems in the minds of both citizens and investors by giving clear answers to the questions in the live broadcast of NTV.
One of the most striking statements of Minister Nebati, who spoke on NTV live broadcast, was the ones regarding the exchange-protected TL time deposit account. Announcing the data, the Minister stated that as of the morning of 23 December, 23 billion TL stressed. This corresponds to almost 2 billion dollars at the current exchange rate.
What is the Turkey Model?
Responding clearly to the rumors that free market rules will be stretched and removed, the Minister emphasized the following:
The reason why it is called the Turkey model is this. We are not the South Korea model, because it is a chosen country. We are not China, we are not a country that has come with its huge population and the measures it has taken.
We are presenting a model that has democratic traditions, believes in the free market, adheres to the foreign exchange regime and maintains this tradition. Because our infrastructure is full. We are coming with the infrastructure completed.
Emphasizing that the Turkish model is “a model based on high exports, reducing the current account deficit and reflecting the welfare system to the entire society”, Nebati also expressed that exports are critical in this.
Stating that they closed the way that hot money was “used for manipulation” and that this was done in 2018 and 2019, the Minister described this as a force that could shake the economies of countries.
Stating that they achieved financial stability in “three days”, Nebati underlined that high interest rates would not continue. Finally, Nebati made a very harsh statement regarding the price hikes. A similar call was made by the Ministry of Commerce today, and it can be said that it is actually aimed at some companies.
🔴#LAST MINUTE
If you increase the prices quickly when the dollar is going up, you should lower it like this when it goes down.If the prices go down like paragliding, you will fall too. You will find us in front of you.
Let no one deceive anyone, let the fall be reflected.
— Minister of Finance Nabati
— ibrahim Haskologlu (@haskologlu) December 23, 2021