July 5, 2022

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Inflation wailing in Turkey: Every week something gets more expensive

Inflation wailing in Turkey: Every week something gets more expensive

Reporter Mitra Nizar about the fall of the lira

President Erdogan asks people to trust him and be patient. Turkey will come out of this better, is the message. He says the falling lira is the fault of foreign exchange traders. Earlier he spoke of an international interest rate lobby trying to destroy Turkey. In other words, the debt is on the outside.

While everyone agrees that life is getting more and more difficult day by day, there is an extreme backlash. Erdogan’s opponents see this as a confirmation of the economic mismanagement they have witnessed for years. It is seen as a result of Erdogan’s authoritarian leadership. An atmosphere has arisen in which no one dares to contradict him anymore. There is a lot of anger, even among people who otherwise would not have spoken so politically. This is about money and it affects everyone.

Erdogan’s loyal supporters are confident that things will improve and that the president has a plan. There is the idea that there are ups and downs, and that one now has to bite the bullet. People often refer to other countries, where inflation is also high. When there were problems with the petrol supply in England, it was said here on state television that the situation there was much worse. The question is, of course, how long these people will continue to wait quietly, while their salaries and savings continue to evaporate day by day.