Medya News
Subscribe
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • Politics
  • Human Rights
  • More
    • Audio Articles
    • Economy
    • Culture & Art
    • Ecology
    • Newsletter
    • Daily Review
Youtube
PODCAST
No Result
View All Result
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • Politics
  • Human Rights
  • More
    • Audio Articles
    • Economy
    • Culture & Art
    • Ecology
    • Newsletter
    • Daily Review
Youtube
PODCAST
No Result
View All Result
Medya News

“Turkey’s ship steers towards uncertainty”

4:05 pm 22/03/2021
A A
“Turkey’s ship steers towards uncertainty”
Share this
FacebookTwitterRedditEmailLinkedInWhatsApp

As the Turkish currency value drops sharply over the replacement of the Turkish Central Bank chief, People Democratic Party Economy Comission member Erol Katırcıoğlu said, “Turkey’s ship in steering towards an unknown destination.”

Justice and Development Party’s (AKP) chair and president Erdoğan dismissed Naci Ağbal, the Central Bank Chief, on the evening of March 20 and appointed a former deputy Şahap Kavcıoğlu. However, the Turkish currency’s value dramatically fell after the decision. Markets were effected negatively and the dollar-Turkish lira (TL) exchange rate increased by 11.62 percent and became 8,0581. As to the Euro/TL exchange rate, it became 9,5817 with an increase of 11,63 percent.

After Erdoğan’s decision of replacing another Central Bank chief on March 20, Şahap Kavıoğlu has become the fourth chief appointed to Central Bank in last 20 months.

Peoples’ Democratic Party (HDP) Economy Comission member and İstanbul deputy Erol Katırcıoğlu made a statement regarding the recent economic and political developments, according to Mesopotamia Agency report.

Katırcıoğlu said the decisions taken by the ruling party turned Turkey’s agenda upside down. Stating the AKP decisions were taken in favour of itself and Nationalist Movement Party (MHP), adding ,”One those decisions was stripping Ömer Faruk Gergerlioğlu of his parliamentary seat, and the other one was the decison of closure of HDP taken by Supreme Court of the Prosecutor’s Office.” Katırcıoğlu reminded the steps regarding withdrawal from İstanbul Convention, handing over Gezi Park to a foundation, Canal İstanbul were taken in favour of their own supporters, referring to the Justice and Development Party (AKP).

Central Bank appointment

Katırcıoğlu stated that dismissing Naci Ağbal from the Central Bank governorship was a serious decision and added, “It has been around four months ago when Naci Ağbal was appointed to the Central Bank. Some promises were given about taking steps within the current system. Ensuring the balance by increasing interest rates, Ağbal annoyed AKP and its suppoters.”

Saying the general view was in favour of decreasing interest rates, Katırcıoğlu said foreign investors and the media had expectations about this. Katırcıoğlu added, “A serious fluctuation may occur within the local economies. During the pandemic, decisions were taken regarding supply, not for demand. Our proposals are still valid. If production had increased, it would have not been possible to buy. However, politicians are blind to it. A few people should not take decisons on behalf of majority of people. “Turkey’s ship in steering towards an unknown destination.”

Share this
FacebookTwitterRedditEmailLinkedInWhatsApp
Tags: Manset2

Related Posts

Nation Alliance manifesto deficient on Kurdish Issue, says HDP MP

Nation Alliance manifesto deficient on Kurdish Issue, says HDP MP

January 31, 2023
German Foreign Ministry summons Turkish embassy over hate speech

German Foreign Ministry summons Turkish embassy over hate speech

January 18, 2023
Swedish prosecution refuses to take action against Kurds for effigy of Turkish President Erdoğan

Swedish prosecution refuses to take action against Kurds for effigy of Turkish President Erdoğan

January 18, 2023
Le Monde covers Kurdish victims of Paris attack

Le Monde covers Kurdish victims of Paris attack

December 29, 2022
Danielle Mitterrand Foundation gives 2022 award to Rojava

Danielle Mitterrand Foundation gives 2022 award to Rojava

December 15, 2022
MEPs: Turkey has violated international law

European Parliament discusses no-fly zone in North and East Syria

December 16, 2022

Videos

Medya News Daily Review: 2 February 2023
DAILYSHOW

Medya News Daily Review: 2 February 2023

February 2, 2023

All News

US denies any involvement in efforts to create strife within Turkey

Former Pentagon official calls on US to delist PKK

Who gets to decide the futures of the Syrian people?

British left to host Öcalan conference

Senators urge US President to hold off fighter jets sale to Turkey until NATO’s Nordic enlargement

Hundred more Yazidi families return to ancestral home in Iraq, thousands remain in exile

Medya News

Impressum

About us

Privacy Policy

Subscribe
Contact
No Result
View All Result
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • World
  • Politics
  • Human Rights
  • Ecology
  • Economy
  • Culture & Art
  • Daily Show
  • Newsletter
  • Authors
  • Podcast

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist

Loading
Contact