Turkish Finance Minister: First periods of inflation "sweet"

During his participation in the Turkish channel’s Akhbar program, Turkish Finance Minister Nureddin Nabati described Turkey’s early periods of inflation as “sweet” as trade recovers.

Nabti said: “The first periods of inflation are pleasant. Trade is recovering. But fixed income earners are suffering. The government under the leadership of our esteemed president will solve this problem.”

The Minister’s statement was made when monetary inflation in the country exceeded 79 percent on an annualized basis.

The minister pointed out that the support came with the appearance of the first wave of inflation in December last year, since “a package of measures was announced to support all sectors of society. Turkey showed the difference, growth increased, while it was said that it would decrease. “

Nabati called on the people to support the government and President Erdogan, pointing out that the government raised the minimum wage, serious support was provided to the salaries of all orphans and widows, and their salaries were increased.

“There’s a shock that we experienced in the 1980s and 1990s: due to inflation. He didn’t know how long it would take. Those who are happy with the increase in the minimum wage in July know that it won’t be for long,” – Nabate added.

“In the 1990s, when low-income people faced difficulties when they were sick, they did not have the opportunity to go to the hospital. But now low-income people believe that there is a state that takes care of them when they are sick, Nabti continued.

Turkey’s exports rose 13.4% to a record $18.6 billion, while imports also rose 40.8% to $29.1 billion, according to Turkish Commerce Minister Mehmet Mus.

Source: “Zaman” newspaper

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