The economic plan to save the Turkish lira succeeded in achieving its goal, and the dollar rose from 18 lira/dollar to 11 lira/dollar, with a strong rise. However, the lira experienced a significant decline today, as it lost more than 4% of its value, but it still maintained the levels of 11 liras / dollars and has not yet slipped to 12 liras / dollars, despite reaching 11.9 liras / dollars hours ago.
Economic plan details: Urgent: Details of the economic plan that revived the Turkish lira
The Turkish president issued several statements today, admitting that The government has eliminated the exchange rate bubble by taking steps to protect deposits lira Turkish against volatility.
Ahead of a meeting with economists and academics, Erdogan also mentioned that the Turkish economy will enter a very different environment this summer thanks to a “new economic model” in the form of low interest rates.
Erdogan said last Monday that the set of steps included in the plan would ease the burden of the currency collapse in the past weeks and encourage Turks to save in the local currency instead of the dollar, after the collapse of the Turkish lira to 18 liras for every one dollar, which has now recovered and is trading at 11.6 liras for every dollar. One.
These were the details of the news Erdogan comments on the lira, “We eliminated the bubble” for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.