President Erdoğan attended the provincial chairpersons meeting of his party. Expressing that the Central Bank's reserves are at the level of 109 billion dollars, President Erdoğan said that the decrease in national income will be compensated in a short time.
ERDOĞAN ANNOUNCED THE RESERVES OF THE CENTRAL BANK
"Our Central Bank reserves are currently at the level of 109 billion dollars. With the completed transactions, it will exceed 115 billion dollars in the coming days. Turkey is one of the states with the lowest public and private sector borrowing rate among developed and developing countries. As a state and nation, we are constantly raising our targets as a country whose future is not under mortgage," Erdoğan said.
Erdoğan attended the “AK Party Extended Provincial Presidents Meeting” held at the party headquarters. Reminding that they reached the 20th anniversary of the establishment of the AKP last week, Erdoğan said that they could not realize an anniversary program as they wished due to the fire and flood disasters. Expressing his gratitude to everyone who has contributed to the AK Party since its establishment, Erdoğan said, "I would like to thank our brothers who take responsibility at all levels of our party, from our headquarters to the polling station, for their efforts."
“WE TRY TO USE OPPORTUNITIES WELL”
Recalling that Turkey is one of the few countries that can truly exercise its sovereign rights in its region and in the world, President Erdoğan continued as follows:
"While the global political and economic order is crumbling from its roots, we as a country are trying to make the best use of the opportunities that come our way. Undoubtedly, behind this power and self-confidence, there is a solid infrastructure that we have established with the works and services we have brought to our country during our 19 years of power. During the epidemic, we experienced the importance and benefits of this infrastructure together."
“WE ARE CONTINUOUSLY GROWING THE TARGET, CONTINUOUSLY EXPANDING THE VISION”
President Erdoğan stated that Turkey's annual average growth rate was below 1 percent and brought it to 5.1 percent, that they increased the amount of investments made in Turkey from 70 billion liras to 1.4 trillion liras, and that they bought exports from 36 billion dollars. Stating that it closed with 170 billion dollars, he said:
"Hopefully this year we will have raised over $200 billion. We managed to turn the current account deficit, which was the biggest problem of our country's economy for years, into a surplus in 2019. Hopefully we will see the same picture again soon. Our Central Bank reserves are currently at the level of 109 billion dollars, this figure will exceed 115 billion dollars in the coming days with completed transactions. In the period when our population was 66 million, we increased our national income from 238 billion dollars to 960 billion dollars. Hopefully, we will increase our national income, which has decreased a little due to the events we have experienced in recent years, especially the fluctuation in the exchange rate, above a trillion dollars as soon as possible. In the calculation of national income according to the purchasing power parity, we moved our country from 17th to 11th, approaching a level that is in line with our targets."