scorched land policy!
18 Dec. 2021 From the reality of the opinion of my friend Ra'ed Z. Alremony about what is happening in Turkey about that Turkey is a state of institutions and what is happening is a political whirlwind in opposition to the president Recep Tayyip Erdoğan My comment will be a customized detail because I am not an economist and I needed help understanding the economic details in order to explain my idea: In principle, the Turkish government raised the minimum wage in an unprecedented manner by 50% from 2,850 Turkish liras to 4,250 Turkish liras, meaning that it recognized that the real inflation rate is 50% and not 21% as the rate announced by the government! Nevertheless, the minimum wage is now equal to $265, compared to $370 last year at 2,850 Turkish liras, when the dollar price was 7.5 This collapse is caused by the loss of confidence in the policy of the Turkish government The government can save the Turkish lira if it changes its policies and declares the independence of the C...