Famous Economist Waits Shockwave In Dollar Rate!
Famous economist expects a shockwave in the dollar exchange rate. Evren Devrim Zelyut from Eurasia Investment gave a date for the dollar exchange rate. Zelyut, who made flash statements regarding the rate, claimed that the worse than the Priest Brunson crisis was coming and that there would be a new shockwave in the dollar exchange rate.
Evren Devrim Zelyut from Avrasya Investment claimed a dollar rate would confuse the markets. Zelyut said because of the "Chaplain Crisis" that occurred in recent years between the US and Turkey "Worse than the priest's crisis is coming on December 11" for the USD rate.
US Dollar broke a record in 2018
Dollar exchange rate has experienced a significant leap with the priest Brunson tension between the US and Turkey occurring in August 10 2018. US Dollar Exchange rate started the day below 6 TL on August 10 before jumping above 7.20 TL and broke a record.
US President Donald Trump, wants the release of the priest Brunson, said if the release doesn’t happen, Turkey’s economy will come to an end. With President Trump's threatening posts on Twitter, the dollar rate broke its own record until that date, testing over 7 TL for the first time.
Currency Decreases After The Release
Reverend Brunson, remained free after the judicial process in Turkey. Thus, US President Donald Trump's messages were replaced by constructive messages. With this attitude of
Trump, the dollar rate suddenly fell below the level of 6 TL.
Since then, tensions between the US and Turkey escalated with the S-400 crisis and Halkbank events. Trump especially rejected sanctions that the Democrats want to impose on Turkey.
Joe Biden’s victory in the US Presidential elections held on November 3 increased the expectations for the sanctions on Turkey.
Evren Devrim Zelyut commented on the situation via his youtube channel on which he evaluated the worlds economy as well as Turkey. Zelyut also stated that European Union Leaders Summit will come together to decide on sanctions to impose on Turkey.
"December 11 is a Turning Point for the Turkish Economy"
“December 11 will be a turning point for the Turkish economy! Sanction threats swinging on Euro / TL and Dollar / TL are about to turn to reality! ” Zelyut, who gave his statements, also said:
“Why is this worse than the 2018 Pastor Brunson crisis? A call was mad efor sanctions against Turkey by the European Union leaders because of the drilling in the Eastern Mediterranean. The European Union Leaders Summit is also meeting on December 10-11. December 11 is as important as August 2018, when the dollar rate skyrocketed.”
Zelyut reminded that large portion of Turkey's exports are from Europe, along with the sanctions Central Bank’s Dollar reserve will become much worse.
Pointing out that the sanction decision may also affect tourism revenues, Zelyut stated that the amount of dollars to be obtained from tourists will decrease.