Turkish Lira losing against dollar and Euro again despite measures taken by government

Devaluation of Turkish Lira against major foreign currencies is continuing despite some measures taken by the government most recently. The markets have seen TL at its lowest against US Dollar at 7.86 today as the Minister of Finance keeps emphasizing the economy is doing well and markets have started recovering as well as the industry and exports.

However, unbiased experts sharing their opinions and evaluations on the internet mainly (Youtube and alike) as well as media channels other than pro-governmeent ones, comment this is far from reality and cosmetic (superficial) measures taken by the administration will not help stop devaluation of TL, neither will it cause the inflation to fall.

Opinion leaders / experts comment the issue has to do with factors such as lack of trust in the administration as well as the failure of the ruling power to ensure full independence of judiciary and freedom of opinion and alike. Experts believe the major principle of democracy which is seperation of powers among executive, legislative and judicial bodies should be brought to life rapidly.

There is no doubt Turkey has to upgrade itself to a country again which FDI would find attractive but reliable in the first place, in terms of security of rights internationally accepted. In order to make it happen, the first steps the administration would need to take would be to adopt the principle of ultimate transparency in all activities conducted and open the way for an upgrade in protection of freedom of opinion. Unless above mentioned necessities are realized all other measures to be taken will not lead anywhere except for temporary results / achievement, if any at all.

The aboove is complied from several opinions shared by reputable and reliable opinion leaders and experts in the areas of politics and finance.