On the one hand, sell hard currency and bow to itSaudi Arabia, one of the few players capable of sustaining Turkey’s panting economy. The strategy of Recep Tayyip Erdogana year (if not less) from the next presidential elections, is clearly leaving these two directions, aware that the Russian and Chinese allies are currently “engaged” on other fronts. For what Ankara must identify escape routes Alternatives to avoid being swallowed up by the popular uprising at a very difficult time that citizens and businesses are struggling with Inflation at 73.5%.
The government has thought of this in the first place it forces companies to sell hard currencies to try to support the lira and counteract the price rush. The Turkish government’s recent credit freeze could help the local currency’s recovery to some extent, but not without the risk harmful side effects. In this sense, under the heading relations with Saudi Arabia, an innovation is worth noting: Mohammed bin Salman the Crown Prince of Saudi Arabia, visited Turkey for the first time in years Diplomatic Freeze mark an objective approximation. An informal boycott of Turkish goods has been in place in Saudi Arabia since 2020, but a new era seems to have begun a few months ago: more bilateral relationslifting of trade restrictions and a possible money exchange. That is, Erdogan’s financial terms are so compromised that the Turkish leader would accept any term from the very powerful MBS and call his bet vision 2030, ambitious project to lay the foundation for Saudi economic development free of oil dependence.
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Inflation in Turkey rose to 73.5% in May. Food prices have almost doubled in a year
Meanwhile, Erdogan announces an increase in the minimum wage, Clear election campaign with regard to the next appointments: Presidential and parliamentary elections must be scheduled for them at the latest June 2023, but is not only under political pressure to compensate the Turks in the face of inflation, but also because young people and the “non-voter party” are heading towards alternative candidates. Among them the trio consisting of Kemal Kilicdaroglu, President of the Republican People’s Party (CHP), Ekrem ImamogluMayor of Istanbul (Imm) e Canan Kaftancıoğlu, The female face struggled with complaints from the Turkish government precisely because it is the carrier of a new wind in the country.
Meanwhile, Turkish President Recep Tayyip Erdoğan’s disapproval rate, who scored in June, remains negative 50%: Half of the respondents to the MetroPoll survey said they do don’t agree with the way it works as President. Also second Meral Akşener, Leader of the Opposition (IP), Erdoğan is on the verge of demanding a 40 percent pay rise. Basically, it always seems more plausible than true Erdogan’s knot not so much with the so-called external dossiers, such as gas, Nato, Kurds and absurd claims on Cyprus, as with the Western mentality of its citizens who simply demand freedoms and rights that the government does not grant.