Protests in Turkey to Record Lira’s Fall

WorldProtests in Turkey to Record Lira's Fall

  • Turkey’s currency lira has lost 40% of its value this 2021, and Turks face runaway inflation that eats up all savings

  • “What’s the matter? Can’t we appear? We can’t survive. We can’t and it doesn’t reach us,” complains a protester as police try to arrest him.

this is at night and it’s cold and head of police contingent You can tell he’s tired of living here in an open field in a neighborhood on the European coast Istanbul, The policeman wants to go home.

“Look, ma’am, I am telling you so that you may warn those who have not yet arrived. This display is not allowed By order of the District Governor. They can’t be here. go away please’, the policeman tells the future protester that he is not there now as there are ten minutes left for the protest to begin. The woman is afraid, doubts, but says that everyone has his own choice, that those who come will come, and whatever god wants,

“The moment they start, we’ll load up. We’ll take many taken into custody, I am asking you to warn me, ma’am, so that you know what they are doing”, concludes the policeman, going back with his comrades. Protestants wait. there are a few dozen, and among them there is one quiet fatalism: Whatever it should be.

As in Istanbul, in most major cities of Turkey, this Wednesday they have organized small performances together Turks who say they can’t take it anymore. Last year, the value of the Turkish currency lira has fallen 40% against the dollar and the euro. Much of this decline has been in the past week and above all, this Tuesday. In a single day, the song fell a 12%, to fix something on this Wednesday.

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The figures hide something worse: in January of this year, for example, turkish minimum wage was approximately equal to a figure of 320 euro, equal to now 200, And this inflationAccording to independent studies, it is closer to 50% per year.

rates and interest

because of Economic Crisis there are several. With Turkish power in the hands of one man, Risp Tayip ErdoganInternational markets mistrust their economic policies which they describe as “heterosexual”.

For example, the President of Turkey has assured that the high interest rates – which a bank charges to make loans – cause inflation. Economic conservatism assures the opposite. “Currently, the government‘s main strategy is to keep the lira cheap to raise. export and tourism income. This creates low-productivity growth, and has created a Turkish economy that has appealing low cost employment&rdquo ;, explains the economist to this newspaper crack it, former member of Turkish Central Bank, which continues: “The popularity of the current government has been declining for quite some time, with the poorest people suffering high inflation.”

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In Istanbul, the performance begins, and a retired man rings first. embroidery Which you have brought to this occasion. A couple of cops attacked him, They take the man next to them. They push the protesters to leave.

“What’s the matter? I’ve lived my whole life in this country. I’m too Citizen, like you. Can’t we appear? Can’t you see it? we can’t survive, We cannot and it does not reach us. I’m 70 years old, 70! ”, the man cries.

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