Ahmet Davutoglu Asks Erdogan Not to Talk about the Exchange Rate of the Lira
President of Turkey Recep Tayyip Erdogan commented on the devaluation of the Turkish lira on television, after which the lira set a new record, Lurer reports, referring to Ermenihaber.
Commenting on the ongoing devaluation of the national currency on November 30, Erdogan noted that his Government has adopted a new model of economy, which reduces the refinancing rate, thereby supporting local producers and boosting exports.
After Erdogan's speech, the exchange rate of the Turkish lira against the dollar rose from 13.30 to 13.96, setting another historical record. At the moment, however, the exchange rate has recovered to 13.45 Turkish lira per dollar.
The lira has depreciated by about 40 percent this year, and only by 20 percent since last week.
The latest continuous devaluation began when the Central Bank of Turkey cut interest rates from 16 percent to 15 percent on November 18, after which President Tayyip Erdogan repeatedly called for a further rate cut.
Former Turkish Prime Minister Ahmet Davutoglu, the founder of the opposition Future Party, wrote on social media asking President Erdogan not to talk about the exchange rate of the lira, as the Turkish currency has depreciated further since then.
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 87%
Wind: 0.51 km/h