State of the economy: “İstanbul Governor’s Office holds ‘ceremony’ to distribute potatoes, onions to the poor as Turkey’s opposition presses Erdogan for the vanished $128B

İstanbul Governor’s Office holds ‘ceremony’ to distribute potatoes, onions to the poor

Bianet :: English

The government should take a rights-based approach and shouldn’t reveal the people whom it provides assistance, says Hacer Foggo from the Deep Poverty Network.

‘Where is the $128B?’ Turkey’s opposition presses Erdogan

AL JAZEERA ENGLISH (IN DEPTH)

The sum refers to the dollars sold by Turkey’s state banks to support its lira currency in foreign exchange markets.

Police remove CHP banners asking ‘Where is 128 billion dollars?’

Bianet :: English

The main opposition party accuses the government of causing the Central Bank to run out of foreign exchange reserves and

‘128 BILLION DOLLARS’: AKP deputy chair explains what happened to Turkey’s Central Bank reserves

Bianet :: English

The opposition and economists have accused the government of draining the reserves by selling 128 billion dollars in an unsuccessful attempt to keep the US dollar’s exchange rate from rising.

Turkey’s inflation rate tops 16 percent after 20 months

Bianet :: English

The Turkish Statistical Institute (TurkStat) has measured the annual consumer inflation rate as 16.19 percent and monthly inflation rate as 1.08 percent.

ANKARAANKARA (Reuters) – Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just four months in office, six people with knowledge of the situation told Reuters, with one describing a big interest rate

Foreign investors pulled $1.9bn from Turkey’s stock and local bond market last week, representing around a third of the cumulative inflows since Naci Agbal’s appointment in November. https://t.co/M6SExoigBK w/ @aylajean pic.twitter.com/gdZIRVGvUy

— Adam Samson (@adamsamson) April 2, 2021