President Erdagan an said that with the revival of the country’s economy, the reserve money of the central bank has exceeded 11 115 billion. Our goal is to make our country one of the top 10 economic powers in the world.
President Erdogan’s new economic policy breathed new life into the dying Turkish lira.
After the Turkish president’s appeal, people started selling US dollars and foreign currency. People lined up to buy Turkish lira full of dollars in their hands and pockets.
The Turkish lira has appreciated by 50% after billions of dollars in the financial market.
The Turkish people reiterated that in just one day, Turkey had made history by converting 900 million into Turkish lira. To stabilize the decline.
The Turkish lira closed at 11.8 against the dollar on Friday, thanks to a move by the Turkish president and a strong public response. At the start of the business week, the Turkish lira was at an all-time high of 18.4.
According to the Erdogan government’s scheme, foreign exchange must be deposited in Turkish lira. The government has also promised to compensate for losses on forex deposits.
Under the agreement, money market dealers did not sell dollars on Monday and Tuesday.
President Erdogan says central bank reserves have risen to more than 5 115 billion as the country’s economy recovers
