The decline in the dollar’s course continues after the statement of the President of Recep Tayyip Erdogan at a meeting of the Cabinet of Ministers on Monday, December 20.
Deputy General Director of the Ahlatçı Investment Tonguchi Erbash on Ether A Haber made a sensational application for the dollar.
Erbash said that by the end of the year the dollar could fall to 5-6 lire.
New solutions that encourage Turkish currency announced by President Recep Tayyip Erdogan led to a sharp decline in exchange rates. The dollar, which at the peak was trading 18.40 for the Lair, after the statement of the leader of Turkey quickly depreciated. The fall of the dollar exceeded 30 percent. According to experts, the market may come to balance as a new economy model starts incarnate.
Recall, the Turkish authorities will provide a forward exchange rate for export companies against the background of the Turkish Lyra drop. This was stated on Monday, December 20, the President of the country Tayyip Erdogan at a press conference in Ankara on the basis of the meeting of the Cabinet of Ministers.
“Turkish export companies that find it difficult to assign prices due to exchange rate fluctuations, a forward exchange rate will be provided directly through the Central Bank of Turkey,” the Turkish leader stressed.