President of MUSIAD: Dollar/TL may exceed 30 at the end of the year
Mahmut Asmalı, President of the Association of Independent Industrialists and Entrepreneurs (MUSIAD), made assessments of the sharp increase in the exchange rate after the elections.
“We did not expect such a sudden increase in the exchange rate,” said Asmalı, “We thought that (dollar/TL) would not exceed 30 s at the end of the year. However, with the latest increases, we think it may slightly exceed 30 TL by the end of the year.”
‘IF THE CBRT TARGETS 5 PERCENT INFLATION, THEIR CONFIDENCE IS IN QUESTION’
Speaking to Habertürk TV, Asmalı Ayrca stated that the two chronic problems of the Turkish economy are inflation and the current account deficit.
Stating that the main framework in his proposals for the new cabinet is the ‘return to real politics’, Asmalı said: “The Central Bank should not keep the inflation expectation at 5 percent. If the deviation is too much, your credibility begins to be questioned.