In deep economic Crisis it seems that the Turkey after the new dramatic fall in the value of the Turkish Pound that occurred yesterday Tuesday. Specifically until noon the pound had suffered a reduction 15% its value with the exchange rate against the dollar falling to almost 13:1. This is the biggest drop since August 10, 2021. The depreciation of the pound continued on Monday morning, but no solution seems to be on the horizon. Η home bank of Turkey it has not available Stocks to throw into the market while huge is the demand in exchanges and banks, where Turkish citizens are asking for change pounds with dollars.
As broadcasted the correspondent of ethnos.gr in Istanbul, Maria Zacharakis, conglomerates - giants and large industries in the country suspend their economic activity in the country. For example, Apple has closed its stores until further notice and is no longer selling any Product, while the well-known chocolate maker Pelit announced that it has stopped production due to uncertainty and supply problems.
The new huge dimensional recession noted the day after the Turkish president assured us Recep Tayyip Erdogan that the country will not change monetary policy. Coming out of the meeting of the cabinet the head of state went so far as to denounce a «conspiracy» against the Turkish economy, but the new crisis is causing political turmoil with the opposition calling for immediate intervention to stop the slide of the national currency.
Turkey's society is boiling: Flour, oil and sugar rationing in supermarkets
At the same time, receive Country and strong reactions in social flat with demonstrations in many provinces of country. The citizens Retrieved from on the streets to protest on the rising cost of living and economic recession, while a police barricade was set up in Istanbul's Taksim Square. In Chalkidona and The Bulls, people took to the streets banging pots and pans, calling for the Recep Tayyip Erdogan to resign. Citizens also held a demonstration in front of the Central Bank in Ankara, demanding his resignation. Erdogan.
Citizens in the Turkey will buy now with bulletin 3 basic goods, in order to Avoid the trimming and not be observed deficiencies. Supermarkets have already placed tags where Inform the consumer that he can only buy 5 litres of oil, 5 kg of sugar and 5 kg of flour. «Thank you for your support so that all our customers can benefit from our products and discounts and we wish you happy shopping,» reads the sign on supermarket shelves.
As for the Turkish wage earner, the net minimum wage shrank from $380 (nearly 338 euros) in January to $224 (199 euros) yesterday at the exchange rate of the day.
Kadıköy pic.twitter.com/9hGuO7VO56
- sema (@semaklsn) November 23, 2021
People in Turkey took to the streets
The Turkish lira today lost over 15% of its value🛑The currency exchanges are closed
🛑Big companies stopped making deals in the domestic currency
🛑Erdogan called the central bankerChaos!#Turkey pic.twitter.com/oQ3j7nIzHA
- Manolis Giannarakis (@ManGiannarakis) November 23, 2021
The opposition is furious
The opposition in Turkey is furious, with party leaders holding emergency meetings on the state of the economy in the country.
«Such a disaster has never occurred in the history of democracy. The markets have stopped working. The institution responsible for price stability cannot ensure price stability. They took away its power, who took it away? Erdogan took it by decree,» Kemal Kilicdaroglu, the leader of the Republican People's Party (CHP, the official opposition), noted, blaming President Erdogan personally for the free fall of the lira.
According to Kilicdaroglu, the head of state has become a «national security problem» for Turkey. «Why don't you trust the nation? Why are you running away from it? Turkey is going through one of its most fundamental and deepest crises. They blamed foreign powers. Is Turkey that weak? If there is an ounce of love in you for the nation, pave the way for elections,» he noted.
For former Prime Minister Ahmet Davutoğlu, the measures taken by Recep Tayyip Erdogan are «treason» and «not ignorance». «What we are going through cannot be called an economic crisis. Everyone is talking about an attack from outside. But this picture is a product of wrong policies of the government. You reduce the value of the Turkish lira every day against the dollar and then you say that this is happening because we are defying foreign powers,» he said, among other things.
«We are sinking»
Several Turks confess that they cannot stop watching the exchange rate and constantly calculating their expenses - calculations that «change a hundred times a day». On social networking sites, the tags prevalent among users in Turkey are quite indicative of the climate: «We are sinking», «Government resign», «We can't cope».
In the city of Diyarbakir, traders burned fake dollars on the street. «We can't turn a blind eye, we don't know what our future is,» said one.
Many workers or pensioners say that as soon as they receive their salary or pension, they immediately convert the amount into foreign currency. Emirhan Metin, 28, a lawyer, explains that he does it «so that every calculation makes sense». «It's almost impossible to concentrate or talk about anything else» beyond the financial crisis, he adds.
