President Erdoğan: Let us not use dollars. Let’s turn to Turkish lira

 

President and Party Chairman Recep Tayyip Erdoğan delivered a speech at party’s Parliamentary Group Meeting.

Underscoring that the recovery in economy continues at a fast pace, President Erdoğan said: “Every data that is released affirms this fact.  For instance, the retail trade volume has grown 2.7% bigger compared to the same month last year. The stock market has hit 18-month high, surpassing 106 000 points. The OECD has revised Turkey’s economic forecast for this year from -0.3% to 0.3% and for 2020 from 1.6% to 3%.”

President Erdoğan continued: “The capacity utilization rate in manufacturing industry has increased by 0.8 points in November compared to last month and reached 77.2%, the 15-month high. Confidence index for financial services has risen by 24.5 points in November and reached 167 points. Confidence index for service industry has increased by 0.7%. Our country’s risk premium has dropped to as low as 300. Whoever trusts and invests in Turkey has won and will continue to win.”