The collapse of the lira opens the gates of hell to...

A number of Turkish opposition leaders launched a sharp attack on President Recep Tayyip Erdogan and his regime after the lira collapsed to record levels against foreign currencies, and the regime failed to stop this bleeding.

Turkish opposition leader Kemal Kilicdaroglu has expressed his disapproval of the statements of the Minister of Treasury and Finance acquitted Albayrak, son-in-law of President Recep Tayyip Erdogan, in which he made clear his indifference to the fluctuations in foreign exchange rates against the local currency, the lira.

This came in a tweet posted, Tuesday, by Kemal Kilicdaroglu, leader of the Republican People’s Party (CHP), the largest Turkish opposition party, on his personal account on the social networking site “Twitter”, entitled “Turkey that loses its running.”

Commenting on Albayrak’s statements, which he made earlier on Tuesday, Kilicdaroglu said that he was waiting for the minister’s response to the wave of fluctuations in the lira, and its collapse dramatically against hard currencies, especially the dollar, the euro and the pound sterling.

He pointed out that, “despite the central bank raising bank interest rates, last Thursday, for the first time in two years, to stop the deterioration of the lira and limit the decline in inflation rates, the developments were contrary to what was expected, as inflation increased further, and the dollar continues to rise against the lira with historic jumps. “.

He added, “Turkey is currently teetering because of the bad economic conditions that came as a result of the wrong economic policies of the palace, whose officials see Turkish citizens as mere subjects of them.”

In turn, Miral Aksener, the leader of the Turkish opposition “Al-Khair” party, said that the Justice and Development Party (AKP), since the 2011 elections, has been talking about the economic program for 2023, noting that “this party has remained throughout 7 electoral elections that took place during that period, the people in Yemen with a fake program so that they can happen. On the votes of the electorate. ”

And she continued in a similar tweet that she posted, Tuesday, on her Twitter account: “With what the Finance Minister announced on Tuesday, he has personally admitted that the goals for 2023 related to the new economic program are just garbage.”

She pointed out that “the ruling party in the 2011 elections, and within the framework of its tenth development plan, had announced that it was planning to record a national income of 2 billion and 64 million dollars in the year 2023, and later this number raised to 2 billion and 383 million dollars, and now September 29 / September 2020, the national income of the country is 875 million dollars. ”

“Regarding Turkey’s ranking among the countries of the world in terms of national income, the party had stated in 2011 that it aimed to become Turkey in the tenth place in the world, and currently and on today’s date we are in the 18th place,” she said.

“The target for export earnings in terms of equity and development for the year 2023 was $ 500 billion in 2011, and now export revenues are only $ 214 billion,” Akshinar said.

She added, “As for unemployment rates, the party had stated in the year 2011 that it was planning to reach these rates to 5% by the year 2023, and then reduce that rate to 4.6% later, but now the official unemployment rates are at 10.9%.”

Akshinar concluded her tweet, explaining that “all these figures make it clear that the new economic program and the goals for the year 2023 are just illusions that have no basis in reality.”

For his part, Ali Babacan, head of the “Democracy and Progress” party, former deputy prime minister, criticized the program announced by Minister Albayrak, pointing out that “the numbers he mentioned in this program are an admission by the minister of Turkey entering the stage of poverty.”

“The most important problem that Turkey suffers from is unemployment, and without investments, there will be no employment, and thus the unemployment crisis will worsen,” Babacan added in a tweet on Twitter.

“And what the minister announced did not include any tangible step that would reassure investors, the unemployed, farmers, craftsmen and merchants,” stressing that “the period in which we are currently going urgently needs to rebuild trust, but the government with its alleged programs is wasting such things.” Opportunities, ”noting that“ the extravagance and wrong management of the economic file made the budget deficit rise to historic levels. ”

The Turkish opposition added, “In the year 2015 when I left the economic file management (where he was a minister of the Turkish economy), the budget deficit was 24 billion liras, and it is expected that this year will register 239 billion liras, and it will not be possible to decrease it by 2023.

The lira is down by about 30% since the beginning of this year due to concerns about the depletion of Turkey’s foreign exchange reserves and negative interest rates.

Minister Albayrak had expressed his indifference to the fluctuations in the exchange rates of foreign currencies against the pound, indicating that the high exchange rates of foreign currencies concerned only the aristocracy that drives Mercedes cars, but the exchange rates are not concerned with the simple citizen, as he put it.

Despite this, and amid a sharp deterioration in his country’s economy, the Turkish Minister of Treasury and Finance, Barat Albayrak, sought earlier Tuesday to reduce the panic that wracked investors, after the violent deterioration of the lira, which recorded a new low on Tuesday.

While the Turkish lira suffers from accelerated declines close to 8 lira per dollar, Albayrak said that his country’s economic expectations indicate a growth of 0.3% this year, or a contraction of 1.5% in the worst case.

This is while official data issued by Turkish institutions and credit rating centers show that the Turkish minister’s expectations are “an illusion” in light of an economic, monetary and financial storm that the country has been exposed to for more than two years.