In the nomination for the most ridiculous requests and appeals to their own people, a new potential winner has appeared. Turkey has confidently joined the rank of regular nominees for this “award” – Russia and Venezuela. “Tighten belts”, “Be patient”, “Wait”, “Do not swing”, “Understand and back off,” Recep Tayyip Erdogan has added the word “Change” to this list of not understandable demands of the authorities. And we are not talking about the forthcoming presidential elections in Turkey. Everything is much simpler.
So, the Turkish lira has been experiencing serious problems for a long time. Only this year the lira has lost more than 20% - the worst result for the currency after the financial crisis of 2008. The collapse caused a large-scale sale of the currency. Even the forced decision of the Central Bank to raise interest rates at an extraordinary meeting did not stop the fall. Experts fear the risks of uncontrolled adjustment and a sharp economic downturn, possibly a recession. And against the backdrop of the whole mess, Erdogan called on Turkey's citizens to convert their savings in euros and US dollars into lira.
Erdogan reminded the Turks that they “are not slaves of Soros or anyone else but Allah”. In addition, he noted that “a large-scale currency exchange will strengthen the rate of the Turkish lira”. What is left is only to show a worthy example and transfer all savings from foreign currencies and banks to the homeland. However, Erdogan is not in a hurry.
