Harsh criticism of the government from Turhan Çömez: "The country's only solution is to get rid of you!"

İYİ Party Balıkesir MP Turhan Çömez stated in a post on a social media platform that the Central Bank of the Republic of Turkey's net foreign exchange position, which was 60 billion dollars a month ago, has fallen to 7.6 billion dollars today.

Çömez attributed this situation to the government's incompetence and lack of knowledge, stating that the country is entering a difficult economic period.

Referring to President Recep Tayyip Erdoğan's previous statements that interest rates would not rise, Çömez argued that interest rates have indeed risen and that this will lead to an economic recession.

Çömez predicted that credit costs would increase, consumption and investment spending would slow down, and the contraction in the construction, automotive, and durable consumer goods sectors would deepen. He also stated that banks would offer higher interest rates to hold Turkish Lira and that the inflow of predatory capital, known as carry trade, would begin.

Çömez claimed that this situation would place the Turkish economy under the captivity of interest lobbies and that the public would become even poorer. Çömez emphasized that the country's only solution is to get rid of the current government.

??The TCMB net foreign exchange position was 60 BLN USD 1 month ago.
??Today the figure has fallen to 7.6 BLN USD.
??Your incompetence, your ignorance, and your order of rent-seeking and plunder are sinking the country.
??You will desperately beg for money from loan sharks and sink the country further into a quagmire of debt and interest.
??The country's only solution... https://t.co/U1Gvyj1IW3

— Turhan Çömez (@ComezTurhan) May 1, 2025

News Source: 12punto