Istanbul-Sana
Today, the Turkish lira witnessed a new decline, before an expected decision from the Turkish central bank regarding the interest rate.
Reuters reported that the Turkish lira fell to 7.73 against the dollar today, while its decline since the beginning of this year amounted to 24 percent.
Markets are now focused on the planned interest rate decision at the first meeting chaired by the new central bank governor, Naji Iqbal, who is expected to take a tougher approach to monetary policy.
In addition, in the midst of the stifling economic crisis that Turkey is witnessing due to the failed policies of its president, Recep Tayyip Erdogan, on the economic and political levels, the Turkish Medical Association warned that the country will witness a crisis in obtaining medicines due to the accumulated debts of foreign companies.
The Turkish Zaman newspaper quoted the Syndicate as saying that “Turkey depends on foreign medicines and cannot produce medicines and vaccines, which will make it suffer in meeting the needs of medicines because of the accumulated debts.
The American ambassador to Ankara, David Satterfield, had threatened the Turkish regime that it would face consequences if it did not pay the debts accumulated on it by American pharmaceutical companies, which rose from 230 million dollars last year to 2.3 billion dollars this year.
Erdogan's failed economic and financial policies pushed Turkey to the brink of destruction and bankruptcy, as the Turkish lira witnessed a series of collapses, and the economic conditions declined significantly after the spread of corruption, and the head of the Turkish regime, close to him, and officials in the AKP government were involved in a large number of scandals in addition to the repressive practices that The latter uses it to suppress his opponents and violate freedom of expression.