On the congress of his ruling Justice and Growth Social gathering, AKP, Turkish President Recep Tayyip Erdogan has appealed to residents to promote gold or foreign currency to halt the abrupt collapse in worth of the Turkish lira.
He additionally referred to as on corporations to repartriate their property from overseas for a similar purpose.
“I ask my residents to speculate their foreign currency and gold in varied monetary establishments and produce [those assets] into the economic system and manufacturing,” Erdogan mentioned.
“Don’t imagine those that say we’re completed, are sunken or are dying out. We’ll keep robust towards the shock waves,” he added.
The President requested residents and companies to spend money on the lira after the forex misplaced virtually 20 per cent of its worth on Monday in just one hour after the markets opened.
The sesmic crash got here after Erdogan took a number of controversial political and financial choices over three days, together with Turkey’s withdrawal from the Istanbul Conference, the sacking of the Central Financial institution governor, the elimination of a senior opposition MP’s parliamentary standing and the closure case of the pro-Kurdish Individuals’s Democratic Social gathering, HDP.
Erdogan additionally pledged to extend the variety of the nation’s mates after Turkey alienated a lot of its allies within the West by following an aggressive international coverage within the Center East and East Med, in addition to engaing in a rapprochement with Moscow.
The nation’s picture has additionally suffered because of its worsening democratic and human rights file.
“We’ll carry a brand new proposed structure to our folks subsequent 12 months. The facility of our nation, safety, stability and our nation’s imaginative and prescient would be the foundations of this new structure,” Erdogan pledged.
Erdogan’s crowded celebration congress met criticism from well being specialists due to the neglect of pandemic measures reminiscent of sporting masks and social distancing.
Greater than 15,000 folks attended the rally in an Ankara stadium whereas one other 10,000 gathered exterior the stadium.
The variety of COVID circumstances and deaths soared in Turkey after the federal government introduced a normalisation of well being measures on March 1 and after Erdogan’s crowded congresses within the provinces and at last in Ankara.
Whereas every day circumstances had dropped to a couple thousand every day and a dying toll of some dozen on the finish of February, greater than 26,000 new COVID-19 circumstances and 138 deaths have been registered on Tuesday.
“President Erdogan’s crowded congresses are one of many main causes for the spike in circumstances. This normalisation could carry us into disaster,” Ali İhsan Okten, Second President of Turkish Medical Affiliation mentioned on March 19 in a TV interview.