While the Turkish lira continues to decline against foreign currencies, the opposition parties to President Recep Tayyip Erdogan have renewed the responsibility for the economic downturn in the country to his son-in-law Berat Albayrak, the Turkish Minister of Treasury and Finance, after the exchange rate of one US dollar exceeded 8 lira against the Turkish lira.
A senior official in the "Democracy and Construction" party, which is led by Ali Babacan, a former Turkish deputy prime minister and former Erdogan ally, said, "The ongoing economic crisis in the country is primarily responsible for the son-in-law of President Berat Albayrak."
Abdul Rahim Aksoy, one of the most prominent founders of Babacan's party, added to Al-Arabiya.net that “all the financial plans that the president’s son-in-law had put in place so far have failed, or rather, most of them have remained ink on paper. ".
And he continued, "The Justice and Development Party, led by Erdogan, will not succeed in saving the Turkish economy no matter what he does, and its attempts have repeatedly failed to save the lira, and for example it was expected that its exchange rate against the dollar would stabilize within 6 lira by the end of this year, according to the president's son-in-law's plan." However, what happened is that the price exceeded 8 pounds, which confirms that the smelter failed once again to find solutions to the problem of the Syrian Pound.
He pointed out that "the president's son-in-law's announcement of his need for thousands of employees is just an attempt to hide his failure and evade the responsibility that falls on his shoulders," in a comment on Al-Bairaq's announcement on his Twitter account of the thousands of jobs awaiting Turks in his ministry.
According to the official, who was also a former member of Erdogan's party before he resigned with the founder of his current party, Babacan, it is expected that the Turkish lira will witness a further collapse in front of foreign currencies, and it is expected that its exchange rate will reach about 10 liras against the US dollar with the advent of the new Year.
In this regard, he said, "The current government cannot find solutions to the economic crisis," adding that "this problem will be further exacerbated if Turkey does not witness early presidential and parliamentary elections soon."