Erdogan Made a New Statement About Foreign Exchange Reserves

Erdogan made a new statement about foreign exchange reserves. President Erdogan said that the reserves are used to prevent currency volatility.

President Recep Tayyip Erdogan added a new one to his foreign exchange reserve statement, which caused public debate. Erdogan said, "The reserves were used to prevent currency volatility." Speaking at the group meeting, President Erdoğan said: "While struggling with the economic traps we have been exposed to for a while, by using all the tools we have, we did not give the opportunity to those who wanted to create a new financial fluctuation with the excuse of an epidemic. A significant part of the currencies that Kılıçdaroğlu constantly asked about were used in this struggle. We also disrupted the plans of those who were after social turmoil by raising the exchange rate and interest. At the same time, we implemented very serious support packages for everyone from retirees to exporters, from tradesmen to workers, from farmers to industrialists to reduce the problems caused by the epidemic.”   "We Show Our Determination With Every Step We Take ..." President Erdogan said, "We show our determination to lower inflation, to stabilize the exchange rate and to lower the interest rates with every step we take." Erdogan continued as follows: "The interest of international finance and investment circles, which has slowed down for a while, is gradually increasing in our country. We invite our own investors to take action, to contribute to production, exports and employment. We are determined to end this troubled process without giving the opportunity to those who try to demoralize our nation, provoke our tradesmen, and set the people against each other. "   Agricultural Credit Markets Will Increase from 180 to 500 President Erdoğan stated that they will increase the number of Agricultural Credit Cooperatives markets from 180 to 500 and said the following on the subject: "We need to balance the market at the point where the chain markets really exploit our citizens, especially at high prices. We will increase it to 500 in the first place, then 1000, if necessary, even more. If you plunder the market in this way, we will intervene."