Turkey's economy recovering quickly after coup attempt – Erdogan
Baku, Azerbaijan, Aug. 2
By Orkhan Guluzade – Trend:
Following the military coup attempt in Turkey, the country’s economy is recovering rapidly, Turkish President Recep Tayyip Erdogan said at a meeting with international investors, TRT Haber TV channel reported Aug. 2.
Erdogan said that all economic projects in Turkey are implemented as scheduled.
“The military coup attempt was done on July 15, but already on July 16 the government continued to function,” he said. “The dollar exchange rate against the Turkish lira is falling, stock prices are rising. The central bank’s reserves reached $125 billion. Inflation rate in the country is less than 10 percent.”
He added that the state of emergency introduced in the country doesn’t hinder the development of economy.
On July 15 evening, Turkish authorities said a military coup attempt took place in the country. Meanwhile, a group of servicemen announced about transition of power to them.
However, the rebelling servicemen started to surrender July 16 and Turkish authorities said the coup attempt failed. Turkey’s President Recep Tayyip Erdogan said that the death toll as a result of the military coup attempt stood at 246 people excluding the coup plotters and over 2,000 people were wounded.
Erdogan declared a three-month state of emergency in Turkey on July 20.
Follow the author on Twitter: @o_quluzade