Economist Selçuk Geçer's assessment on counterfeit dollars

Recent developments in the Turkish economy and the Central Bank's foreign exchange policies continue to resonate widely with the public.

Economist Selçuk Geçer shared his assessments regarding these developments on his social media account.

Geçer linked the latest developments in the foreign exchange markets to the contacts made by Central Bank Deputy Governor Cevdet Akçay in London and his subsequent statements.

'ADMISSION OF INTERVENTION IN FOREIGN EXCHANGE AND ITS CONSEQUENCES'

According to Selçuk Geçer's claims, Akçay's statement after his London contacts that “Foreign exchange will no longer be intervened in” indirectly amounts to an admission that foreign exchange interventions were being carried out. Geçer stated that these remarks increased fluctuations in the foreign exchange markets and caused panic among citizens.

'BANKS STOPPED PURCHASING FOREIGN CURRENCY'

Another issue highlighted by Geçer is the reports that some banks have stopped purchasing foreign currency due to concerns over counterfeiting. This situation could pave the way for speculative movements in the foreign exchange markets and increase distrust among individual investors. Geçer notes that these developments have caused panic in the markets and harmed efforts to ensure economic stability.

COINCIDENCE OR A PLANNED PROCESS?

Economist Geçer argued that these events were not coincidental, suggesting that the statements following the London contacts and the banks' moves to cut off foreign currency purchases might be coordinated. These claims have brought along allegations of manipulation and speculation in the foreign exchange market. Geçer raised the question, “The public is being panicked. Is this an economic strategy or uncertainty in the markets?”

News Source: 12punto