The economic crisis, which causes hard times in Turkey, also causes fluctuations in the exchange rate. The most striking situation in the last period was the exchange rates, which reacted when the government made a statement. The exchange rates, which react to the statements from the government with an upward movement even during the hours when the markets are closed, make the concerns in the markets even more noticeable.
“CHANGE REQUIRES PLANNING AND WORKING ON”
Prof. Dr. Esfender Korkmaz said that there is the only one reason for the current situation in the economy and said, "President wants this or the new policy he wants to try does not fit the conditions of Turkey. Because just as the stability begins in the exchange rates, the market reacts after his statements. Before the 2018 exchange rate shock, he had said that interest rates would definitely decrease in London, and foreign capital gone after it, and we had a currency shock. In fact, change in economic policies requires planning and working on it. The only reason to call it a Chinese model may be panic. Because China's economic infrastructure, the structure of the state and institutions, the exchange system and the foreign exchange system are very different.”
“PERCEPTION CREATING POLICY IS CAUSING A BACKLASH”
“Moreover, after the presidential system, there is no legal and democratic infrastructure left for stabilization policies and investment appetite. Confidence in the system and the President has decreased. We can see this situation from the average of 11 surveys conducted since June. Since it is an average of 11 surveys, if there are biased surveys, their effects are also reduced. On the average of 11 surveys to approve of the President's mandate, 50,93 percent of those who do not, 40,74 percent of those who approve, while the rest are undecided. According to the survey results, the majority of the people do not trust the President. Therefore, whatever he says, whatever decision he takes, the market and society look at him with suspicion. The pro-media also openly pretends that black is white. The policy of creating perception is backfiring,” Korkmaz added.