Recep Tayyip Erdogan, Turkey’s president, has refused to raise interest rates.

Turkish President Recep Tayyip Erdogan stated that he will follow the teachings of his religion, that interest rates will not be raised. Turkish currency, the Lira, is depreciating, and in these conditions, the Turkish President has been requested to increase the interest rates, to which he responded that interest rates will not be raised.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

US sends ammunition seized from Iran to Ukraine

The US transferred to Ukraine’s armed forces more than one million Iranian-made…

Govt. not concerned about opposition rallying allies for no confidence vote: FM Qureshi

As the opposition gathered with allies to rally support for a no-confidence…

Samsung union in South Korea declares ‘indefinite’ strike

A union representing tens of thousands of workers at Samsung Electronics in…

India’s RAW involved in recent terror attacks: Sarfraz Bugti

Caretaker Interior Minister Sarfraz Ahmed Bugti on Saturday claimed that the Research…