Turkey’s president has outlined government plans to salvage the economy after the value of the Turkish lira sank to a new record low.
Recep Tayyip Erdogan says low-interest rate loans and employer incentives will boost production.
But high inflation is pushing up the cost of goods and making manufacturing more expensive.
Al Jazeera’s @Sinem Koseoglu reports from Istanbul, Turkey.
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#AlJazeeraEnglish #Turkey #Lira
The Titanic hit an iceberg and we all know what happened next No future in Turkey the young are voting with there feet and getting out .. 🚂🚄🚅🚆🚍🚘🛳⛴✈🚢🪂💣
Hahaha Erdogan is now an economist😁😁😁
Yeah 🤣🤣🤣🤣
lol
Anything new?
save money don’t spent
Erdogan is the rabid dog who can bite anytime.
Turks love Erdogan☝
Our leader is Erdogan👍
We are behhind of our leader💪
Others thoughts are just rubbish for us👍
They can bark bark bark😀
thank Erdogan From Korea! Thanks to Erdogan, I can buy games in steam at cheap price. 🙂
Lates of Dogs barging
Like Trump,Erdogan loves the ignorant.
Like Erdogan it’s going down!
As a Pakistani I will settle turkey turkey is good county ,they wellcome all Muslim ,
You should
@Vipin Babu bhai vo bharat se h …ayush naam h uska .
Bas ese hee mje le rha shayad vo😂
Tell that to the Kurds
Best wishes to turkish people. Inflation sucks and honestly the turkish government should have seen this coming.
Oil stolen from Syria that’s Turkish President
Dear Migrants, please come to Germany. We need you and we have space for ALL immigrants 🇩🇪❤🇦🇫🇵🇰🇱🇧🇮🇶🇵🇸🇮🇳🇧🇩🇧🇾🇹🇷❤🌈☝💞🌈 Please send all refugees to Germany, thank you so much! 🌈🇩🇪💞🌍💓🌈
🕸⏳🕸
Al jazeera is not showing pakistani incidents.. It is showing.. Al jazeera is biased media
..
It really looks nice, Future of Parkistan. Turkey should asks Russia and China for help.
Russia will not help. After what they did to Hagia Sophia. China will not intervene also, too risky to invest and China is a very close allie of Russia.
@Kiko Rianzo you’re misunderstanding Russian politics
Erdogane Turkey is going down the toilet fast lol
1:08 ” Europe’s new China ” what on earth does that mean ? What was Europe’s old china? The Ottoman /s? or is from that lovable old london slang “How are you, my ol China”
Turkey is Turkeys new Turkey in my opinion. Politics aside it’s nice
It means China used to be Europe’s factory(where Europe imported its goods from). Now Turkey must become the new China(the factory) for Europe.
After the conversion of churches like magnificient Hagia Sofiya,finally Erdogan and Turkey got the message from Almighty.
Yesss
@Mr big pp if broken wall broken Turkey
Is that why the westerners got defeated and kicked out of Afghanistan?
You mean EU and US, your almighties
@Salik Sayyar There is only one Almoghty,it is God,Jesus Christ.
Print new currency. Use the old as toilet tissue 😂
Wtf you all are doing living next to Europe!
Why would erDOGgan remove the interest rates in the first place?
Is the Caliph still dreaming of establishing a new empire ?
China does not encourage jihadism like the current Caliph.
Turkey will turn back in sa allah,but the people of turkey should stand with erdogan strongly,you all should remember this is a fight between USD & Lira..US wants take you down and erdigan wants to keep you high,this is not easy that’s why the people of turkey have to support your government and wait for good, in sa allah the vectory is your’s…✌
Love turkey from Bangladesh ❤
@Junaed Ahmed You have absolutely no idea what you are talking about. Your country would still be stuck in the middle ages without the endless generosity of 1st world countries.
We don’t need any advice from third world smelly country like u…
We hate Erdogan!!!
@SP i understood,you have poor education beground,read some history
Among all islamic countries, 50+ of you, how many are prosperous? UAE? Saudi? The rest are bunch of poor countries trying so hard to immigrate to non islamic countries for a better life. It seems your wait for centuries of allah’s grace has turned into nothing. 🤣
@Kiko Rianzo during ottoman time when they was suffering money shoteg we used to help to send money even we was poor..😊
Eating that money you are talking so big..?!?
And plz talk on topic, only stupid go out of topic,ok then let me to tell you something
many turkeys are in different cointry of EU..just it’s easy for you to migrants but for asian is bit difficult..just this is diffarent between you and us..Misut Ozil one of the best example for you,and we are ranking 5th population in the world so don’t count everyone is same i studied in foreign country and came back to own country..i had visa for Australia too..but I’m doing my own business, erdogan represents turkey lightly during his power time you people are known in the world look at back what you had after ottoman left power..😊
Erdogan has squandered lots of Turkeys wealth for meddling in Syria, Iraq, Libya etc.. he has this delusion of wanting to establish a decadent ottoman caliphate .. but there are no takers except ISIS. In fact he is now a hated unpopular figure. He has been hammered a few times by Putin and Assad of Syria who has taught him a painful lesson . Turkish people should throw him out, before he destroys Turkey.
The West is crying out for higher interest rates but the market is being distorted by government interference.
A global crash in 2022 is inevitable.
Hmm,who the hand behind Lira Crash. In 1997 asia currencies, whose dirty had was behind it… Connect the dots. Turkey befriend a devil and isolate true friends. Today you are backstab. Turkey wealth, young people will be harvested.
Use U.S dollar for the mean time
Declare everyone as president in Turkey 😄
This is beautiful news
Civil war coming soon
erdogan is a terrorist man who wants to control the region !
He’s a war criminal
Freefall. Erdogan rip
Sultan erdogan is clearly playing 4d chess 😂
Greece 🤣🤪
As the Turkish Lira underwent massive competitive devaluation and exports are expected to continue breaking record USD levels, Moody’s raised its 2021 real GDP growth estimate for Turkey to 11%!
@Rohit Roll 211 REAL GDP GROWTH (already minus inflation) for 2021 revised up from 9.2% to 11%; for 2022 at 4%; and let’s not forget 2020 growth at 1.8% when most countries were in recession
@Boring Account yes those stuff and also combat drones apc attack helicopter missiles frigates subs etc
@Rohit Roll 211 in case you wondering…it is called ERDOGANOMICS
You do realise that’s immediately after the economic disaster of 2020?
Rising 11% after falling the previous year isn’t an achievement.
Also, in 2022 that number will be 4% according to the same report.
But Turkeys import bill increases, any many exported goods need imported components or commodities, hence many exports will be less competitive
there is no hope for democracy any more after covid reintroduce autocracy and slavery.
Looks like mocking the West didn’t age well.
Dry your tears… They say they have a superior God they call the best planner and they get what they ask for.
4th world country
maybe Erdogan should start a Gofundme compaign
Turkeys economy is going downhill fast, it will go bankrupt soon and its all thanks to Erdogan
When you are involved in the forbidden interest based economy/monetary system….do not expect a different outcome.
This interest based economy will keep the rich richer, the poor poorer. We have been warned about this in the Quran yet we disregard its and by doing so putting ourselves in peril.
Kemal Ataturk warned against religious extremists running a country. So you got Erdogan.
Why don’t you raise jihad in turkey and cutoff heads of those who are elites and don’t run the country according to quraan
@Allah thats unislamic
@Kaif Shaikh running country according to quraan and waging jihad against interest seeking piglets is unislamic ?
Economists and government of nation must have to take some effective programs before more worst situations .
This is all due to the fact that Mr. Erdogan is saving Turkey after one century of darkness under secularists. And the Islamophobic West wants to stop this success. We love Turkey from Pakistan as Turkey is brother country with us Pakistan. We Pakistani are genetically and culturally and religiously same as Turkey and Azerbaijan and We love the great Mr. Erdogan and we are awaiting him to bring the return of Osmani Khalifah with few years time inshallah!
Well if Turkey has friends like Pakistan they must be doing something right. Pakistan too is a great example of how to ruin your economy and become a beggar
Genetically????😂😂 Definitely a Madrasa boy.
Pakistan seriously suffers from an Identity crisis. I’d look into that before solving any of their other crisis. Genetically and culturally Turkish omg I can’t stop laughing at this.
“After one century of darkness….” OMG!! Who is saying that? Huh this man is from an enlightened country where just the day before yesterday enlightened folks lynched a Sri-Lankan man in allegation of blasphemy .
@krishna ranjit how dare you of course they are Turkish on a visit to Istanbul I was surprised that the people looked exactly like the people in Lahore, Pindi and Karachi. Going to Delhi and Lucknow and Amritsar you can definitely tell that these people have nothing in common with Pakistanis. They look completely different why are some Indians constantly stating that Pakistanis look like us they don’t they definitely look Turkish.
So they got there by listening to stupid economist, and you have other stupid economist tell them how to fix it.
good! I love to see this condition of Turkey!
Guys it’s time to start shorting lira to earn profits.
ottoman empire has died. it’s because the turkish try so hard to become european. the new superpower empire is rising in the central asia which embraces the true teaching of quran
1. Disruption of central authority
The abolition of the sanjak procedure during the reign of Ahmet I caused the heirs to be inexperienced. For this reason, the princes were under the influence of the palace women and other officials.
2. Deterioration of the Grooming System and State Administration
Migration to the cities increased due to the increasing population, deterioration of the timar system and the emergence of the Jalali revolts. The situation of being appointed with increasing bribery in the state administration has increased inexperienced and uninformed managers.
3. Disruption of the Army and Navy
Bringing people who do not have military knowledge to command ranks.
Not following the developments in war technology in Europe.
factors such as caused the deterioration of the Ottoman military system.
These are all important info for the Turkish university exam 🙂
Do not refrain from giving good to the needy,
if it is in your power to do so.
Human Life Rights worth 1$dollar in Turkey.. The blood money from Syria Libya Afghanistan Iran and Drugs Human trafiking..are Finish…Economy is about Trust and the people does not like the Didtator..
Buy Bitcoin
As a türk ı hate erdoğan and my country
Some people think he is a new caliph. When Turkey faces hyperinflation they will not what Allah hot them with. Popcorn and coke in head, great movie
erdogan is delusional. power tends to corrupt indeed.
Why this could be good news for Turkey. More goods will be sold outside. Export will boom as result of this. Are Turkey manufacturing ready to increase output? This strategy by Turkey to lower its currency could have huge impact on China manufacturing. Countries around the world, lower their currency in order to increase export. Expect more investors to go there and invest.
Thats not how economy works mate lol. Currency fluctuation strategy used by countries like China was to counter rising dollar price not to mention China backed it with its output and kept inflation somewhat stable. On the otherhand turkey’s inflation was not a strategical move rather a blunder and sort of punishment from the west. Cause the Turkey imports a lot of raw materials and with inflation on the rise it will only effect common people.
One word: inflation
Just going to be a fraudulent election
Islamists cannot allah their way out of a crisis
埃尔多安苏丹:没问题，我们可以建立图兰。重建奥斯曼帝国。面包少吃一点也饿不死。👍👍👍
Produce local and buy local don’t depend on imports that will help the economy as well.
Erdogan….
Super economist. 🤣🤣🤣👍
G d bless Turkey for being key partners with NATO *and* the United Nations, caring about Syrian and Turkish Kurds, and sending peacekeepers. Kmv
Haaa haaa. Khalifa
He tries turkey to become a cheap worker heaven for capitalists. Erdogan will be judged soon
DEUS VULT ✝️🇫🇷🇮🇹🇪🇸🇦🇷🇦🇲🇷🇺🇷🇴🇬🇷🇨🇴🇵🇱🇷🇸🇩🇪🇺🇸🇲🇽🇭🇷🇵🇪✝️ – ALLIES 🇮🇷🇮🇳🇪🇬🇸🇾🇱🇧 vs dogs of isis = 🇹🇷🇦🇿🇵🇰🇺🇦🇧🇩🇸🇴
Stupid, big Ego leader
need a cheap vacation
Falling lira is good for tourists
But not for locals
Don’t lie !
😳
😁😁😁
Poor people’s purchasing power slashed by half this year. This 80% of Erdogan”s fault and only 20% of FED’s. Remember folks it takes time to see consequences. I don’t think good days are waiting for Turkey. Even if Erdogan somehow lose it will take years for Turkey to heal. I am Turkish by the way.
Could Assad get last 😂
If Erdogan wants no riba, then no interest. Zero. He should show some fatwa from diyanet or some scholars.
Less interest encourages more loan, then more riba.
Turkey lags so much in riba-free banking unlike Saudi, Malaysia, UAE, etc.
When inflation is high it’s due to excess flow of cash. You raise the interest rate to control the excess flow of cash. By dropping interest rate you get stagflation. Maybe the goal is to increase the foreign reserves by devaluation.
Pakistan did it in 2018. Failed miserably.
start using bitcoin , no need to depend on us dollar or lira
SAVE YOUR MONEY AND INVESTING IT INTO STOCK MARKET WILL BE THE WISEST THING TO DO TO ENSURE SUCCESS.
how does your profession helps you makes a lot of money?
@Julee Rutgers what really guarantees financial security is having multiple streams of making passive income.
do you know how much is ok for a start let me let me know if i can do this.
Tell her I referred you➕①⑥④⑥④⑤⓪⑥①⑨③
✌️❤️
@Philomena Lingard She’s not like other brokers that will start telling you stories and excuses why the trade didn’t go well after collecting your money
He’s creating real economy with real tangible products, not fake economy by moving fake money around. If you don’t follow the way the West prescribe, everything is bad through their lenses. Isn’t US inflation around 6.5% & Treasury lowers interest rate to nearly 0%?
Heil KErdogan 🤟🏿🐴
Ironically TRT won’t report this, who claim to be an independent Turkish news agency 😂
It has some element of bias to it
Even looting Syria didn’t helped poorkey
Erdogan wants to compete with China and devalue the Lira to bring industry to Turkey. Turkish people are some of the friendliest people and it’s sad to see them suffer
Ali says, “Erdogan increases the prices so he has to do the same.”
why don’t you talk about the american embargo
This is what happens when you abandon the West as an ally and replace them with… Pakistan?
Way to go Erdogan haha
Sugar coated coverage of the mess … nothing else can be expected of Al Jazeera
Whenever high inflation hits, it’s amazing how the politicians quickly blame merchants.
It is a good idea Erdoğan’s opinion about producing more, stand against inflation, don’t make it problem the freefall of lira in long term, but the most of people are asking why they did not use this statement during your 20 years governing time, that is the point.
Otoman king 😂
Turkey the China of Europe hahaha maybe in Erdogans wet dreams