Surprise Statement from the President of the Presidential Finance Office

Due to the Turkish economy and the conditions created as a result of the economy, the Turkish people are witnessing one of the most turbulent periods ever. Within this month, the dollar both frightened by reaching 18 TL and was withdrawn to 11 TL overnight with the statement of President Recep Tayyip Erdoğan.

your dollar Exceeding the 13 TL limit Nowadays, when it is on the rise again, various statements are made about the economy. One of these statements came from the President of the Presidential Finance Office.

‘It may be too late to intervene in the draw’

As you know, Turkey now has a unique new economic model. Speaking to Bloomberg HT about this new model announced two weeks ago, President of the Presidential Finance Office prof. Dr. Celestial Ashanevaluated the economic plans and the decisions taken so far. Stating that the fluctuation in the exchange rate is not predictable, Aşan also stated that the intervention may be delayed.

Aşan used the following statements about the economic plans that are aimed to be implemented in the future; “for a long time import substitution over an established model was walking. Recently, it has become flesh and bone. There the main goal has not changed at all. Aim reduce imports and reduce exports. Here is the main parameter current surplus. We will most likely see the current account surplus in April. It is not possible for Turkey to continue with long-term current account deficits. Inflation with this current account deficit It is not possible to lower it. The parameter we will evaluate in the coming period will be the current account surplus.”

Turkey has previously given a current surplus Drawing attention, Aşan states that he does not see a problem about the current export plans. What he himself said about the exchange “Predicting that the rate will go to 20-30 liras, of course, a model will not emerge. movement in the currency was not predictable, however it could have been better managed. It could have been intervened sooner before Kur got himself in here. there Is there any lateness, of course it can be. It is not possible to act faster than this on the side of the state. State control is too much of a mechanism.” The statement was noteworthy.