Warning from economist Geçer to those holding dollars
Economist Selçuk Geçer stated that it was impossible to prevent the rise in the dollar and announced the peak that the exchange rate would see in February.
The latest forecast for the dollar / TL exchange rate which the whole of Turkey checks every morning, came from the popular economist Selcuk Geçer. The economist said that the real value of the dollar was currently 24 lira, but the government was trying to suppress the dollar with the means at its disposal until the election, and “It was no longer possible” for them to suppress this increase.
He said “hot money opportunities they were able to bring into the country have also been exhausted. The dollar will start its rise in the coming weeks and will see the 24 TL by the end of February.”
“IMPOSSIBLE TO SUPPRESS ANY LONGER”
Stating that the value of the dollar was already the real sector value at the moment, Geçer said, “Turkey’s short-term debt is at the highest level in its history. There is a debt close to 190 billion dollars that must be paid within 1 year. When there is such a near-term debt, it is impossible to suppress the dollar anymore, it will soon start to climb again.”
”THESE ARE YOUR GOOD DAYS”
Geçer, who also made comments about Borsa Istanbul, drew attention to the unstable stock market performance in recent weeks and shared on his Twitter account, “To the novices who bought shares on the stock exchange with the gas of certain sources and said they were done for. This is not a wailing wall.” You knew how to say ‘what do you know’ (about stock market) when I warned you. By the way, these are your good days.” (SOURCE: tele1.com.tr/ekonomist-selcuk-gecerden-elinde-dolar-tutanlara-uyari-779277/ – Translated)
