Erdogan for the fall of the Turkish lira: So did Allah.

Erdogan for the fall of the Turkish lira: So did Allah.

Turkish lira today marked another historic decline, while the Central Bank, in an effort to curb it, threw large amounts of currency into the market for the third time in ten days. Concretically out of 13,93 versus the dollar, the lira was recovered in 13,81 to get back to 13.95. At the same time, [...] prices

Turkish lira today marked another historic decline, while the Central Bank, in an effort to curb it, threw large amounts of currency into the market for the third time in ten days. Concretically out of 13,93 versus the dollar, the lira was recovered in 13,81 to get back to 13.95.

At the same time, prices of products are rising greatly. And in the midst of all of this, Turkey's President, Recep Tayip Erdogan, said the fall is due to Allah's will, quoting the Muslim holy book, the Koran.

We as Muslims see this world as a test. Our Lord in the Koran has said that he will test you with a little hunger, a lack of resources, a lifetime of products. Give joyful news to those who are patient. He defines it”, the Turkish president declared.

Meanwhile, merchants pull products off shelves to sell later at a higher price. In turn, consumers are limited to buying essentials. Officially, inflation in Turkey is at 21.31%, but in practice it is estimated that it is approaching 60% at a time when the lira has lost close to 40% of its value since September.

 

 

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