New turmoil has shaken the Turkish economy in the last few hours, following Erdogan's decision to fire No. 2 of the country's central bank, with the result that the pound sank even more.
At the same time, the Turkish president, who is accepting the month of solid opposition for the fragmentation of the Turkish economy, calls on the world to deposit the gold and foreign exchange they have in their hands, but at a time when commodity prices have skyrocketed. with citizens buying oil even in plastic cups.
Read also: Turkey: Erdogan fires Central Bank deputy governor
Today, the pound is making another dive, after the sudden decision of the Turkish president to dismantle the second banker of the country. This resulted in 1 euro corresponding to 9,8 pounds when yesterday it was at 9,63 pounds.
"Regardless of the origin, the color or the belief of everyone, I appeal again from here. Come and invest in Turkey. Those who invested in our country yesterday, today are reaping the fruits of a growing market and its profits. Those who invest today will soon make a profit. I reiterate the call to our citizens to deposit the gold and foreign exchange they have in their homes, our national property, for the benefit of our economy.
The reality presented by the sultan, who is losing his popularity day by day, is diametrically opposed to what the Turkish people are experiencing. TV cameras capture sad images with millions of citizens having no money even for basic necessities.
"This is how we give the tomato sauce. For example, those who ask for 0.05 euros, 0.1 euro cents, 0.2 euro cents, we give them "says the greengrocer and throws a spoonful of pulp on a transparent film and continues putting a glass of oil in a plastic glass. "Depending on how much each person's pocket can hold, he buys the oil," says the professional who also struggles to survive by earning… fifty cents.
The final blow comes from the international rating agencies, which are increasingly devaluing the Turkish economy. Fitch is ringing new bells in Turkey, deeming Erdogan's policy with the high interest rates it wants to maintain in the Turkish currency unreliable.