In his statements after the cabinet meeting, President Erdoğan touched upon the fluctuations in the exchange rate and the updates in salaries. Talking about economic growth, Erdogan said that citizens would not need to convert TL to dollars.
The cabinet meeting, chaired by President Recep Tayyip Erdoğan this evening, just ended. Making statements after the meeting, which lasted 2 hours and 45 minutes, most of Erdogan’s main topics were about the economy.
Talking about the salary updates, President Erdoğan talked about the growth rate that Turkey experienced during the AKP rule. Referring to the exchange rates, Erdogan said, “From now on, none of our citizens think that the exchange rate will be higher. There will be no need to exchange Turkish Lira” said. The continuation of the President’s cabinet meeting statements was as follows:
Highlights of President Erdogan’s statement tonight:
In his statement, Erdogan first talked about growth rates and the minimum wage agenda. Erdogan on these issues. “I wish that the 2022 budget, which was accepted by completing the negotiations in the Parliament last Friday, will be beneficial for our country. The interviews took over 385 hours in total. It will contribute to our growth in Turkey through investment and employment. We will implement the 2022 budget in a way that will serve the goals of our country. Turkey passed Achieved an average of 5.1% growth in 19 years. Hopefully, we will close 2021 with double digits. We increased the minimum wage to 4 thousand 250 liras. We reduced the employer’s burden by 450 liras by reducing taxes.” used the expressions
After that, the citizen There will be no need for him to convert his TL savings into foreign currency with the worry that “the dollar will rise”. Expressing that, the President explained the steps taken in this regard with the following words: “We are reducing the withholding tax to zero in order to increase the demand for government domestic debt securities. We offer a new financial alternative to our citizens who want to relieve their concerns about the increase in the exchange rate while evaluating their savings. From now on, no citizen will need to switch their deposits from Turkish lira to foreign currency because “the exchange rate will be higher”.
Due to the fluctuation in the exchange rate, our exporting companies, which have difficulty in giving prices, will be given forward exchange rates directly through the Central Bank. A structure will be established that will enable public banks to extend a certain portion of their total loans to priority sectors. In order to increase the attractiveness of our private pension system, we increase the state contribution rate by 5 percent to 30 percent. By abolishing the income and stamp tax taken from the salaries of civil servants, we also increase the actual wages of our civil servants.”
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Under the pillow is gold worth $280 billion:
Expressing that there is 5 thousand tons of gold with a value of 280 billion dollars ‘under the pillow’ in our country, Erdoğan said, “There are 5 thousand tons of gold worth 280 billion dollars under the pillow. New tools will be developed with market stakeholders to bring them into the economy. used the phrases.