Minister Nabati Talked About Prices That Didn’t Fall Despite the Draw

The dollar and the euro, which have been on an incredible rise for the last 2 months, experienced a rapid and noticeable decline last week, although they did not return to their former state. Every time the dollar rose, the price of everything went up day by day. However, it may take time from company to company or from sector to sector for prices to recover when they fall.

Nureddin Nebati, Minister of Treasury and Finance, also made statements about this today. The prices need to come down urgently according to the exchange rate. Nebati also gave details about the new economy model.

“Coming Stick”

Treasury and Finance Minister Nureddin Nebati, in his statement about the businesses that do not lower their prices despite the decrease in the exchange rate, stated that the prices should be lowered urgently. “They raised the prices at the speed of a jet, Don’t let them hang around like paragliding.. Prices will go down fast. Otherwise, the one that is coming… The stick of the Treasury and Finance” Nabati also made statements about the new economy model and export targets.

Nureddin Nebati, who stated that the new model is specific to Turkey and that high growth and low current account deficit are targeted, explained the returns and function of the model. “Economic policies will be more transparent and predictable. A balanced and sustainable fiscal policy will be implemented. Necessary macro-prudential measures will be taken to reduce the volatility in the markets. By improving market expectations, the real sector will be able to see the future more clearly.” explained in his words. Stating that the country has export capacity and is prone to attract foreigners, Minister Nebati said, ‘5,000 tons of gold under the pillow’ He announced that it is aimed to gain 280 billion dollars to the economy.