Turkish CB Under External Influence
On Wednesday Turkish President Erdogan declared that he has no obligation to Central Bank independency - meaning the monetary policy adopted by the Central Bank.
Erdoğan's comments, a day after the Central Bank cut its key one-week repo rate by 25 basis points, triggered a fall in the lira, before one dollar was equal to 2.467 lira now it is 2.480 lira.
Erdogan called the Central Bank not to use the cover of independence, otherwise the government will ask for some place exerting influence, Today's Zaman reports.
It should be mentioned that the government criticism of monetary policy before the elections was perceived as an opportunity for investment and as an independence and credibility of the Central Bank.
Other materials on this subject
- Turkey Says Turning Back on S-400s 'Problematic' "It is a very problematic situation to turn back from the point we have come to. We invite (the United States) to distance themselves from threatening language such as sanctions," Akar told journalists...
- Turkey Arrests Another Former Intelligence Officer in Hrant Dink Murder Case Earlier last week, the Istanbul court ordered the arrest of two former gendarmerie intelligence officers – Volkan Sahin and Veysal Sahin – in the same case.
- Turkish Lira Exchange Rate Hits Another Record Low Against USD Earlier, Bloomberg had linked the ongoing devaluation of the lira to the fears that Ankara could become embroiled in the Nagorno-Karabakh (Artsakh) conflict between Armenians and Azerbaijanis.
- Turkey Denies Airspace for Transfer of Humanitarian Cargo to Armenia The airline did not give any sound reason. The humanitarian aid collected by the Armenian-American community was supposed to be sent to the civilians affected by the Artsakh-Azerbaijani war.
- Saudi Prince Calls for Boycotting Turkey Imports According to The New Khalij, the prince retweeted Erdogan’s remarks and wrote: "Therefore, I call for a full popular boycott for the Turkish products in order to protect the stability of Turkish economy...
Read also
-
Ameriabank Raises Tier 2 Capital from Symbiotics SA
-
Ameriabank Successfully Placed Its First Ever Green Bond
-
Turkish Lira Exchange Rate Hits Another Record Low Against USD
-
“Ameria Tour” Draw: Chance to Explore Armenia with Us
-
Turkey Launches Ground Operation Against Kurdish Militants in Northern Iraq
-
Armenia Central Bank, Alliance for Financial Inclusion Organize Experts Group on Financial Inclusion Policy Meeting
-
Moody's Reaffirms Ameriabank Ba3 Rating with Stable Outlook
-
New Cenbank President to Take Office June 13
-
13:10Some Roads are Closed in Armenia
-
12:07Bodies of 30 Armenian Servicemen Returned by Azerbaijani Side Unrecognizable
-
11:00Armenia Records 166036 Confirmed Coronavirus Cases
-
09:03Eve of the Fast of Catechumens
-
19:15Joe Biden Is Secretly Kurdish and Emigrated to the United States from Yerevan: Turkish Former Deputy
-
18:315 Day Weather Forecast in Armenia
-
17:15Foreign Minister of Artsakh Met with the High Commissioner for Diaspora Affairs of the Republic of Armenia
-
16:46Iran FM Calls on New US Administration to Lift All Sanctions Imposed Under Trump
-
15:03Five More Bodies of War Casualties Retrieved from Karabakh Conflict Zone
-
14:02Artsakh Military Releases Names of 72 More Fallen Troops
-
13:29Russian State TV to Screen Film Dedicated to Arno Babajanyan’s 100th Anniversary on Saturday
-
12:47More than 50,500 Artsakh People Transported to Stepanakert from Yerevan After War
-
11:19Trump Speaks to Press for First Time Since Stepping Down as US President
-
11:00Armenia Records 165909 Confirmed Coronavirus Cases
-
10:22Some Rads are Closed in Armenia
-
09:41Members of UK House of Lords Make Statements in Support of Karabakh
-
23:13Azerbaijan Launches Criminal Case against 2 Lebanese-Armenians Captured in Karabakh
-
22:06Foreign Ministers of Armenia and Georgia Held a Meeting in Tsinandali
-
19:18Gagik Jhangiryan and David Khachatryan Elected Members of Supreme Judicial Council
-
19:04Artsakh's Foreign Ministry Welcomes European Parliament's Position on NK Conflict
Most read
day
week
month
-
12:46Lavrov: No Provocations Against Russian Peacekeepers in Nagorno-Karabakh
-
10:50Azerbaijan President's Statement Contradicts point 8 of Statement Signed on November 9, 2020: Arman Tatoyan
-
18:57Artsakh Authorities Find More Bodies of Fallen Troops in Ongoing Search Operations
-
13:51Artsakh Security Chief: We Could Have Avoided the War
-
16:40Colorado Identifies First Known Case of UK Coronavirus Variant in US
-
09:05Armenia to Import 2,250 Goods from Iran Instead of Turkey
-
15:04Bodies of 1,111 Fallen Armenian Soldiers Retrieved So Far: Artsakh Emergency Service
-
23:23Let's Believe that 2021 Will Restore Our Lost Dignity
-
17:50Biden Names Ike Hajinazarian as White House Regional Communications Director
-
17:53Armenian, Azerbaijani Intelligence Chiefs Discuss PoW Exchange at Moscow-Mediated Meeting
Weather
Yerevan
fair (day)
Humidity: 43%
Wind: 5 km/h
Humidity: 43%
Wind: 5 km/h
-4 C°
-7° 1°
25.01.2021
-5° 2°
26.01.2021
Poll