Good news!

Turkey is now the 3rd poorest country in Europe! It was announced that Turkey is the only country whose household income has decreased in the last five years! Let's be thankful for our situation! Albania and North Macedonia are much poorer than Turkey...

According to the "Turkish Statistical Institute (TÜİK)", the "Consumer Price Index (CPI)" increased by 3.43 percent in October! While the annual increase is 61.36 percent... In short, 61.36 TL out of 100 TL in every citizen's pocket went to waste! That's not all, at the end of the year, citizens loss will be 68.01 TL! 

According to the "Inflation Research Group (ENAG)", inflation will rise to 130.13 percent! This means that the 100 liras in your pocket will not be enough and you will most likely start counting on your "credit cards"!

Hafize Gaye Erkan, who received higher education in the USA to prevent inflation and worked as a high executive in various institutions in the USA, became the first Turkish woman to be appointed as the head of the Central Bank of the Republic of Turkey in June 2023 to "prevent inflation"!

She is married to finance expert Batur Bicer and has a son named Aslan Selim!

When Erkan took office, inflation was targeted at 65 percent for 2023, 35 percent for 2024, and 14 percent for 2025! However, it was realized soon that calculations were off and the target for this year would no longer be 65 percent, but 68 percent!

Thereupon, Erkan, the queen of the TL, said, "Not enough time has passed for us to say 'There is a significant improvement in the outlook for inflation' yet! It is too early to say that. We will continue to strengthen monetary tightening until there is a significant improvement in inflation!

When AKP President Recep Tayyip Erdogan became President in 2014, the PPI was 18.4 percent and CPI was 13.9 percent... Last year, PPI and CPI rose to 64.27 percent and 97.72 percent, respectively...

Erdogan must not know how to calculate, because, at the end of every year, he tells fortunes like "Inflation will fall this year", but for some reason, the opposite happens! Now Erkan has joined him with her fortunes!

The year-end "current account deficit" expectation, which was 44.3 billion dollars in the previous survey period, increased to 45.9 billion dollars in this period. The current account deficit for next year will fall to 35.4 billion dollars! 

Let's take a brief look at the change in the value of the dollar since Erkan took office in June:

Good news!

On June 1, the dollar was 20 liras 80 kurus, today it is 28.55 TL! In a sense, the value of the dollar has increased by 52.5 percent since the beginning of the year and by 37 percent in five months.

CHP' Nigde Member of Parliament Omer Fethi Gurer visited the market in Nigde and talked to citizens and shopkeepers. After examining the situation of citizens through weekly data, he said, "Citizens are experiencing some serious victimization!"

Gurer said, "In the first 9.5 months of this year, the number of files coming to enforcement offices exceeded 10 million and 700 thousand"!

He also noted that more than 1 million enforcement files come to enforcement offices every month, and pointed out that the number of citizens who owe consumer loans to banks is approaching 39 million!

Gurer stated that the AKP's poor economic management has left millions of citizens in the grip of foreclosure! Gurer, who visited the market in Nigde and listened to the situation of the people, said, "The prices of vegetables and fruits are not decreasing. Citizens cannot even go to the market. They cannot even buy seasonal vegetables and fruits. They ask the price of meat and dairy products. He is forced to 'shop with grams'. This situation increases credit card debts and executions!"

Drawing attention to the increase in the number of citizens with credit card debts as of the current date, Gurer also stated that the number of citizens with credit card debts increased to 35 million 479 thousand people!

O GREAT ATA!

You live in my mind and heart... You are exalted among the exalted!