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Economist and journalist Evren Devrim Zelyut assessed the 15 percent appreciation of the US dollar against the Turkish lira. Zelyut, “Erdogan and his team will see the increasing pace of economic policy by trial and error now and will probably try to prevent the currency crisis by giving a follow-up message on policy tomorrow.
Here is Zelyut’s assessment of the depreciation of the Turkish lira
The high levels we saw in early trading in the Far East markets are not really a surprise. Naji was more realistic given the message that the conduct of economic policy to foreign markets in Turkey Ağbal. Ağbal’s departure is seen as a sign of a return to these policies.
Erdogan and his team will see the rate rise now and will probably try to prevent the currency crisis by giving a message of continuation in politics tomorrow, as they are doing economic policy by trial and error.
However, FOS brought to light the thorny problems of the reforms and the rapid erosion of the associated external confidence that will eventually leave Turkey facing a medium-term currency crisis.
The first process to start a new week but the markets are extremely nervous that we will live a little deeper until the wolves began to calm the day in Europe and Turkey.
But this will not mean that the bad days are over, volatility will increase.
