CHP Spokesperson Faik Öztrak made a statement on the rise of Dollar / TL before the Central Bank’s interest rate decision.
Öztrak’s graphic sharing is as follows:
“Those who shook the nation in Borsa Istanbul today shook it off in the foreign exchange market in December 2021. Less traveled, long gone. To keep the dollar, 75.6 billion TL Currency Protected Deposit (KKM) interest was paid with the nation’s taxes. 75 billion dollars was sold through the back door of the Central Bank of the Republic of Turkey (CBRT). And today: A new record in the dollar!”
Those who shook the nation in Borsa Istanbul today shook it off in the foreign exchange market in December 2021.
Less traveled, long gone.
To keep the dollar, 75.6 billion TL KKM interest was paid with the taxes of the nation.
$75 billion was sold through the back door of the CBRT.
And today:
A new record in the dollar! pic.twitter.com/PsnECQwCsn— Faik Öztrak (@faikoztrak) September 22, 2022
On the other hand, the Central Bank of the Republic of Turkey (CBRT) lowered the policy rate to 12 percent. After the decision, Öztrak shared a new post on his social media account. “With this decision, both the cost of Currency Protected Deposits to the Treasury and the amount of foreign currency sold through the back door of the CBRT to rein in the exchange rate will increase even more. Keep spitting into the wind…” he said.
With this decision, both the cost of Currency Protected Deposits to the Treasury and the amount of foreign currency sold through the back door of the CBRT to rein in the exchange rate will increase even more.
Keep spitting into the wind… https://t.co/nL3zxxy9V— Faik Öztrak (@faikoztrak) September 22, 2022
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