The economic crisis in Turkey could soon affect the population.
The US ambassador warns of a possible drug shortage.
The
Turkey
is currently in an
economic crisis
.
The
Turkish lira
has
slipped
to a
record low
.
The
US ambassador
in
Ankara
warned of a possible
drug
shortage
.
Ankara - The
Turkish lira
continues to lose value.
It
fell to
record lows in
trading with the
US dollar
and the
euro
on Monday, September 28th
.
Now there is a risk that the
economic crisis
in
Turkey could
also affect the health of the
population
.
According to the
US Ambassador
in Ankara,
David M. Satterfield
, the country of President
Recep Tayyip Erdogan could
soon run out of drugs.
Turkey: US Ambassador Satterfield warns of possible drug shortages
According to the
Turkish BBC
, US Ambassador
Satterfield
said at an online trade conference that pharmaceutical companies would no
longer
sell
drugs
to
Turkey
if the country
failed to pay off
its
debts
.
President
Erdogan's
government
has a massive
money problem
.
State hospitals in
particular
are affected.
The
debt
of
public Turkish hospitals
to foreign
pharmaceutical companies
was within a year of
230 million US dollars
to
2.3 billion US dollars
increased, said
Satterfield
.
The debt has increased tenfold in a period of one year.
The US ambassador reported that even the US Secretary of Commerce
Wilbur Ross had met
with Turkish President
Erdogan
and Treasury Secretary
Berat Albayrak
on this matter.
Both had promised to find a solution to the problem and to settle part of the claims.
The
Turkey
and the
United States
have the goal of their
annual trade volume
to
100 billion US dollars
to increase.
However, this goal is currently a long way off.
Currently, the annual trade volume between the two countries is only
$ 21 billion
.
Economic crisis in Turkey: Lira slips to a record low
The
Turkish lira
is currently in a
crisis
.
Since
June of
this year, it has lost more than
11 percent of
its value against the
US dollar
.
The Turkish central bank reacted to this loss of value with a surprising measure.
In order to mitigate the fall of the
lira
and
contain
the strong
inflation
, the
key interest rates were
raised significantly.
The
lira's recovery
last week, however, only turned out to be
short-term
.
As mentioned earlier, the Turkish currency slipped to
record lows
in trading with the US dollar and the euro
.
Market observers justified the
current price slide
with geopolitical risks due to the recent escalation in the
Nagorno-Karabakh conflict region
between the neighboring countries of
Armenia
and
Azerbaijan
.
The
Turkey
is considered as the protector of the Muslim Azerbaijan.
(ph) * Merkur.de is part of the Ippen-Digital editorial network
In the video: Armenia and Azerbaijan fight for Nagorno-Karabakh region