Dollar Statement from the Minister of Treasury and Finance

Last week, there was a very important development for the Turkish economy. President Erdogan announcedcurrency protected deposit system‘, the dollar exchange rate, which was 18 TL at that time, went down abruptly and fell to 11 TL in the same evening. After this development, the dollar, which has been stable for a week, is hovering between 11-13 TL.

Another important issue that occupied the agenda immediately after the fall of the dollar was the allegations made about the development. Despite the Ministry and Erdoğan, who constantly emphasize that the sudden decrease in the dollar is the rapid exchange of dollars by the citizens, the reason for this decrease is ‘from the back door’ It was claimed that there was a sale of dollars made through public banks. It was even stated that some private banks were included in this system.

Nabati denied the allegations:

Making some statements on the subject, Treasury and Finance Minister Nureddin Nebati said that he referred to December 20 as a ‘historic day’.The dollar was not sold that night. Public Banks did not step in. No one stepped in. Individual sellers stepped in. they competed with each other‘ he said.

Nebati described the rhetoric ‘it will be 20 TL’ circulating in a period when the dollar increased to 18 TL in a short time and created a shock effect, as ‘fake and fake news’.Our infrastructure has also reached a level that can meet this economic model. We also narrowed down the attacks made from outside. There was a constant psychological warfare. The dollar will be 20 TL, there were fake and fake news. There were reports that were inaccurate and directed people to foreign exchange. They always played inside. They used the little ones. They channeled these individuals with tiny savings to shrink the economy‘ he said.