ISTANBUL (Zaman Al Wasl)- The foggy Turkish political scene is reflecting on the price of the national currency quickly and clearly after the Turkish Lira witnessed a visible improvement in recent months that enabled it to achieve a gain against the dollar.
However, what took the Lira months to achieve was quickly lost whereby the Dollar was approximated 2.78 on Monday and then the Lira decreased to around 2.93 Lira to one dollar, so a difference of 15 cents, and it is a strong drop when measured by the time (3 days only).
The Lira’s withdrawal follows the overlapping news that the head of the Justice and Development Party, Ahmet Davutoğlu will be withdrawing as party leader based on an agreement with former party leader and the party’s most prominent face, President Recep Tayyip Erdoğan. It was decided that Davutoğlu would give up the leadership of the party (known by its abbreviation as AKP) during an exceptional conference for the party that will be held in a few weeks and it would be the introduction for the man’s withdrawal later from the prime ministry and maybe from the entire Turkish political scene.
No observers and analysts can predict the length and duration of the “darkness” of the tunnel that the Turkish Lira will enter following the disruptions surrounding the strongest Turkish party. The party has been leading the country for the past 14 years, leaving its developmental print clearly on the currency and the ambitious economy for Turkey to become one of the strongest 10 economies in the world by 2023.
With the start of the year the Turkish Lira reached its lowest point for it in a year, when it was 1 dollar for 3.05 Lira, and then the Lira began to gradually recover before decreasing again by what is feared to be not just a passing summer storm.
Syrians are no less anxious about the political and financial disruptions (which concerns the exchange rate of the lira) than Turkish nationals, as millions of Syrians are living in Turkey, whether based on refugee residence, or work, investment, or trade residencies, and all of them have serious fears about the stability of the country which hosts them. With the knowledge that Turkey hosts around 3 million Syrian nationals which places it ahead of any other country in the world in the number of Syrians it is hosting since the past years of the Syrian crisis.
Syrian living in Turkey noticeably care about Turkey’s general political and economic situation as most of them have families and children, all of whom have escaped the regime and its mercenaries’ hell, to make in Turkey a stable place. Another segment has chosen Turkey as a transit space for them to pass through on their way to Europe, but this passage has broken down and become almost impossible. After Ankara altered its policy of turning a blind eye, it is now pursuing smugglers and their boats and bearing down on them to the greatest degree making the average of transition from Turkey to Europe- specifically Greece- through illegal routes almost %0.
Syrians present in Turkey have increased their grip in Turkey, as in the past months Ankara introduced a visa restriction on Syrian nationals seeking to come to Turkey, and as the visa experience has shown the visa is difficult to obtain. As such a Syrian’s exit from Turkey means he will never be able to return in light of the visa system. This includes persons holding the refugee identity cards (kimlik) who must hand over their refugee identity cards at ports of exit before they leave acknowledging that they give up their right to humanitarian protection in Turkey by merely passing through the Turkish borders to any other country in the world. (Translation by Rana Abdul)
However, what took the Lira months to achieve was quickly lost whereby the Dollar was approximated 2.78 on Monday and then the Lira decreased to around 2.93 Lira to one dollar, so a difference of 15 cents, and it is a strong drop when measured by the time (3 days only).
The Lira’s withdrawal follows the overlapping news that the head of the Justice and Development Party, Ahmet Davutoğlu will be withdrawing as party leader based on an agreement with former party leader and the party’s most prominent face, President Recep Tayyip Erdoğan. It was decided that Davutoğlu would give up the leadership of the party (known by its abbreviation as AKP) during an exceptional conference for the party that will be held in a few weeks and it would be the introduction for the man’s withdrawal later from the prime ministry and maybe from the entire Turkish political scene.
No observers and analysts can predict the length and duration of the “darkness” of the tunnel that the Turkish Lira will enter following the disruptions surrounding the strongest Turkish party. The party has been leading the country for the past 14 years, leaving its developmental print clearly on the currency and the ambitious economy for Turkey to become one of the strongest 10 economies in the world by 2023.
With the start of the year the Turkish Lira reached its lowest point for it in a year, when it was 1 dollar for 3.05 Lira, and then the Lira began to gradually recover before decreasing again by what is feared to be not just a passing summer storm.
Syrians are no less anxious about the political and financial disruptions (which concerns the exchange rate of the lira) than Turkish nationals, as millions of Syrians are living in Turkey, whether based on refugee residence, or work, investment, or trade residencies, and all of them have serious fears about the stability of the country which hosts them. With the knowledge that Turkey hosts around 3 million Syrian nationals which places it ahead of any other country in the world in the number of Syrians it is hosting since the past years of the Syrian crisis.
Syrian living in Turkey noticeably care about Turkey’s general political and economic situation as most of them have families and children, all of whom have escaped the regime and its mercenaries’ hell, to make in Turkey a stable place. Another segment has chosen Turkey as a transit space for them to pass through on their way to Europe, but this passage has broken down and become almost impossible. After Ankara altered its policy of turning a blind eye, it is now pursuing smugglers and their boats and bearing down on them to the greatest degree making the average of transition from Turkey to Europe- specifically Greece- through illegal routes almost %0.
Syrians present in Turkey have increased their grip in Turkey, as in the past months Ankara introduced a visa restriction on Syrian nationals seeking to come to Turkey, and as the visa experience has shown the visa is difficult to obtain. As such a Syrian’s exit from Turkey means he will never be able to return in light of the visa system. This includes persons holding the refugee identity cards (kimlik) who must hand over their refugee identity cards at ports of exit before they leave acknowledging that they give up their right to humanitarian protection in Turkey by merely passing through the Turkish borders to any other country in the world. (Translation by Rana Abdul)
Comments About This Article
Please fill the fields below.