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A new decline in the Turkish lira

2021-03-23T08:04:31.717Z


Ankara-SANA The Turkish lira retreated again this morning by 0.6 percent, affected by the deteriorating conditions of the economy.


Ankara-Sana

The Turkish lira fell again this morning by 0.6 percent, affected by the deteriorating conditions of the Turkish economy as a result of the policies pursued by the president of the regime, Recep Tayyip Erdogan.

According to Reuters, the lira recorded 7.85 against the dollar, falling from 7.8 yesterday, when it plunged by up to 15 percent, close to record lows.

The Turkish currency continues to deteriorate due to the deteriorating political and economic conditions in the country as a result of the Erdogan regime's policies and repressive measures that led to a decline in tourism and investments and a decrease in the country's foreign exchange earnings.

To that, the economic expert, Mustafa Sonmaz, questioned the official figures announced by the Turkish Statistics Authority on the percentage of the unemployed, explaining that 1 in 4 people suffers from unemployment in Turkey.

Sonmaz pointed out through his Twitter account the official statistics on unemployment, the workforce and employment, which came in a narrow description, as annual unemployment rates reached 13.2 percent, but rose in Istanbul by about 1.5 points to record 14.7 percent, pointing out that the authority had revealed the actual unemployment for the year 2020 during the previous bulletin. It was estimated at 25 percent on average, meaning that 1 out of every 4 people suffers from unemployment, not as it claimed in its new report.

Source: sena

All business articles on 2021-03-23

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