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Flash statements of Turkey’s Minister over dollar and economy
Flash statements of Turkey’s Minister over dollar and economy

Flash statements of Turkey’s Minister over dollar and economy

Customs and Trade Minister Bulent Tüfenkçi recently stated “Magnifying its export 5 times more and growing 7,4% in 2017, Turkey do not care about the downgrades of these credit rating agencies. None of the predictions made earlier regarding Turkey's growth, how not right, these downgrades are also part of the perception operation. This, using the currency and interest, to intimidate part of Turkey, however on June 24, the Turkish nation hopefully will disrupt this game of money lobbies."

The minister emphasized that especially after the successful Olive Branch Operation, a blowback attempt is being tried on Turkey over the economy.

Saying that on the way to the election of the country, following the treacherous coup attempt of July 15, same attempts were tried to be done as economical perceptions are being created right now, Tüfenkci continued as follows:

"Currency’s so much upwards moving is nor related to the world conjuncture, nor compatible with the data of the economic size and the corporate sector to have come from Turkey. We totally see this as an operation with altogether some routing environment and manipulations of the economy, to create a perception. Of course, both the Central Bank of Economy Ministry, as well as the President himself are following this issue. Hopefully in the process, this will not be a very long time, but we will lower the exchange and interest rates."

"Turkish nation will ruin this game"

Saying it will be easier to resist such economic interventions with the change of Turkey's system Tüfenkçi stressed the nation will decide on the continuation of stability and confidence in the country.

Tüfenkci also stated that when the stability, strong parliament and government manifested itself with the new system, the exchange rates, inflation and interest rates will take a downward direction and voiced that problems will be solved within the markets with effective management and effective decisions.

Underlining that credit rating agencies formed the complement to the desired perception in Turkey, Tüfenkçi said:

"Beware, credit rating's organizations have often unconvincing reasons, playing with Turkey's notes, are trying to create a perception both in Turkey and in foreign markets. Remember, after the July 15 coup attempt in the evening or a day later the organizations lowered Turkey’s grade by ignoring the nation’s adoption of democracy, the Ruler, the constitution, the rule of law. There is no realistic explanation of this. There’s no meaning in the lowering of the credit notes of such a country which recently magnified its export 5 times and grew 7,4% last year. None of the predictions made earlier regarding Turkey's growth, how not right, these downgrades are also part of the perception operation. This, using the currency and interest, to intimidate part of Turkey, however on June 24, the Turkish nation hopefully will disrupt this game of money lobbies. Turkey's economy will not be able to be manipulated with such threats, after June 24, with the implementation of the presidential system of government, with strong management, with the help of effective measures."

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