Coup Attempt Had Cost Turkey’s Economy $100 Billion

• 08.02.2016, 12:18
•  Region,  Near East,  World

Ozan Kose / AFP

The failed attempted coup on July 15 has cost the Turkish economy 300 billion Turkish Liras (around $100 billion), according to initial calculations, Customs and Trade Minister Bulent Tufenkci has said. 

This amount may however increase when more detailed calculations are made, he added, Hurriyet Daily News reports.

"When we consider all those warplanes, helicopters, weapons, bombs and buildings, the cost is 300 billion liras at minimum according to our prior calculations. The exact cost may likely increase when the detailed calculations are made. There will also be various costs in the medium-term. For instance, many orders from abroad have been canceled. Many foreigners have halted their Turkey visits. All of these create costs in the medium-term," Tufenkci said.

At the same time he noted that the government would start an intensive promotional campaign abroad.