Foreign exchange warning from economist Yeşilada: new developments may be witnessed on January 4

Prominent economist Atilla Yeşilada, who said that the Turkish lira might continue to gain value against the exchange rate until the end of the year, expressed the opinion that January 4 would be very important for the currency rate to determine its direction to follow.

Stating that the trend of appreciation of the Turkish lira against the exchange rate may continue, Yeşilada said, the CBRT gives foreign currency to public banks and they sell it secretly,”

On January 3, the TURKSTAT will announce the december inflation. Although Turkstat may not be sharing precise actual statistics, the citizen will begin to measure his own inflation. If the CPI rises to 27% and the foreign exchange rate moves horizontally, between Dec 22nd January 3rd, those who switch to foreign exchange-protected deposits may understand what kind of pile they are getting and escape the system.