Communications Director for the Turkish Presidency warns on TRY FX rate

Author: Eamonn Sheridan | Category: News

Fahrettin Altun is Communications Director, Turkish Presidency (ie he speaks for President Erdogan) 

Altun tweets (this translation from Turkish)
  • The words of our President reflect the decisive stance of our state to strengthen the Turkish economy, and it carries a warning to prevent foreign exchange escape from our country.
(bolding mine) 
More of this comments (tweets):
  • Turkey is giving an economic war. Our economy is strong, we will win this war with the nation-State Union!
  • The effort to make our people and market actors uneasy by generating virtual scenarios is unacceptable, while our President has not yet made any information on the details of B and C scenarios.
  • The words of our President reflect the decisive stance of our state to strengthen the Turkish economy, and it carries a warning to prevent foreign exchange escape from our country.
  • This perception operation is part of the economic war that our country faces. There is no such situation as the confiscate of deposits in any part of the statement made by our President.
  • "It is not only our duty to keep this nation alive, but also the duty of the industrialist's merchant. Otherwise, I will have to implement plan B plan C, "a perception operation is being conducted over the explanations.
  • "No person, government or rating agency has the right to threaten Turkey and the Turkish people."
  • "The threat of Turkey and the Turkish nation is no one, no state, no credit rating agency," said President Erdogan.
Repeating the sentiment the fin min expressed on not confiscating deposits. 

And, I'll repeat what I said in the post where the fin min said he won't be seizing deposits….
  • When a finance minister feels compelled to make a public comment on seizing deposits (or saying he will not, in this case), its a clear sign of a dire situation indeed. 



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