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After banditry ... billions of dollars are evaporating from the Turkish central bank, and the opposition refutes Erdogan's arguments

2021-03-02T20:19:32.549Z

Damascus-SANA, with the invitation of two former officials of the Turkish Central Bank to conduct an official investigation into the loss of ten



Damascus-Sana

With two former officials in the Turkish Central Bank calling for an official investigation into the loss of tens of billions of dollars from the financial institution’s reserves last year, and the Turkish opposition refuting the lies of the regime’s president, Recep Tayyip Erdogan, the crisis of the Turkish central bank took a new turn.

The new trend is the transformation of the Turkish central bank to a new address for Turkey's economic crisis, as the Turkish opposition refuted Erdogan's claims that the bank’s reserves amounted to $ 100 billion, with official data confirming his lie and that the financial institution owed about $ 60 billion.

Erdogan, it seems, was addicted to theft after he stole the Aleppo factories through his terrorist tools, so his hand extended to the Turkish interior, where the American investment bank Goldman Sachs estimated that the Turkish Central Bank spent about $ 100 billion of its reserves in the first ten months of 2020.

This was accompanied by a decline in the Turkish lira to successive record levels against the dollar and the euro.

In light of the Erdogan regime continuing to support and finance terrorism by paying fantastic salaries to the mercenaries who are fighting on his behalf in Syria and Libya, and after the huge losses suffered by the Turkish economy as a result of those policies, politicians and opponents of Erdogan and his government called for disclosure of the fate of the lost funds. Between 2006 and 2011, the bank chaired the former deputy governor, Ibrahim Turhan, to form a committee to investigate the heavy losses, according to what Turkish news sites reported.

In a sarcastic question, which Yilmaz addressed to Erdogan, he said: “The money may have been used to financially support the companies ... But what are the industrial companies that were given foreign exchange?

Did you go to companies zombie?

In continuation of the state of "schizophrenia" that everyone is accustomed to, Erdogan has devoted a large part of his statements in the past two weeks to defend his monetary policy and portray the deteriorating situation in the country as very good. However, the opposition is supported by official data that refuted his claims and revealed that the Turkish Central Bank owes about 56 billion US dollars. .

A spokesman for the opposition Republican People's Party (CHP), Faik Oztrak, said: “These data are not from me .. It is the central bank’s data dated February 18, and confirms that the bank’s net foreign currency reserves are negative at $ 600 million, meaning that the government did not leave foreign currencies in the safe. the bank".

Oztrak pointed out that, in addition to all of the above, the bank has a commitment to return $ 56 billion in the short term that the government obtained from local currency exchange deals.

According to the saying, "Mecca knows best of its people," the former Turkish Minister of Economy, Ali Babacan, who defected from Erdogan's party and established his own party, left Erdogan personally responsible for the Central Bank's hard currency reserves, according to Turkish media.

"Can there be a central bank for a country that has debts?" Babacan said.

what happened?

The exchange rate increased, interest rates rose, and all this happened during the era of the Justice and Development government. Therefore, we should not blame any minister or head of the Central Bank because there is one authorized person in the current system, Erdogan.

Amid this controversy, a report by the International Monetary Fund revealed that the Turkish Central Bank issued world banks with a decrease in its foreign currency reserves, to confirm the validity of the opposition's reports, as it said that “the Turkish central reserve of hard currencies until last year reached minus 48.2 billion US dollars.”

The scandals of the President of the Turkish regime, Erdogan, are unfolding over the past ten years, as hardly a day passes until new facts emerge that prove his intentions and ambitions towards Syria and the region and confirm the fact that he supports the takfiri terrorist organizations and finances them at the expense of the Turkish people.

Maher Othman

Source: sena

All business articles on 2021-03-02

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