Turkey’s economic mess is no divine test – it is a policy failure
- Date: 28-Mar-2021
- Source: The National
- Sector:Economy
- Country:Middle East
Turkey’s economic mess is no divine test – it is a policy failure
President Recep Tayyip Erdogan subtly acknowledged the depth of Turkey's financial woes in a speech to the ruling Justice and Development Party's (AKP) annual congress last week in the Turkish capital Ankara.
“Now it is time to work harder, produce more, speed up,” he told AKP delegates. “I want my citizens to invest foreign currency and gold kept at home, which is our national wealth, in various financial instruments to benefit our economy.”
This was no idle request. A few days prior, Mr Erdogan had for the third time in 20 months fired his central bank chief. The dismissal of Naci Agbal, who
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