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

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

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?’

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

The Turkish Statistical Institute (TurkStat) has measured the annual consumer inflation rate as 16.19 percent and monthly inflation rate as 1.08 percent.
Reuters – Orhan Coskun and Jonathan Spicer – Mar 31, 3:49 AM

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

 

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