POLITICAL DISPUTE AND FINANCIAL INSTABILITY ENSUED ALL TIME CURRENCY DEVALUATION IN TURKEY, AFTER THE LIRA REPEATEDLY TUMBLED TO THE LOWEST VALUE IN DECADES.

      President Rezept Tayip Erdogan reassured the Turkey citizens of future better economic prospects and financial stability during the televised interview held in Ankara today as political dispute and financial instability ensued all time currency devaluation in Turkey, after the lira repeatedly tumbled to the lowest currency value in decades. The President further demanded a unified stand of all financial Institutions to salvage the domestic currency from further devaluation which he frankly and with bitterness pointed out as attributes of USA imposed increase on custom fees and tariff on Steel and Aluminium imports and exports at both the domestic and International level, but at the same time the President admitted the requirement for dialogue with Washington and possibly the IMF on the current crisis of currency devaluation in Turkey, but did not mention the EU government and it's major finance Institution the European Central Bank (ECB) which has recently allocated six hundred billion euros in Eurobonds sale for the mostly Southern European Union countries that have been hit hard, or affected by EU Austerity Measures intended to upgrade the domestic countries credit line to the required standard that has been specified by both the two major finance Institutions the International Monetary Fund (IMF) and the European Central Bank (ECB). However, the estimated over twenty five percent currency devaluation of the lira within shortest time period, or the equivalent values that fluctuates between sixty five thousand to sixty nine thousand lira to a dollar may be gradually salvaged for eventual recovery by interest rates adjustment and secured by compliance to (IMF) and (ECB) conditions required for the upgrade of the domestic and International currencies globally. The United States of America and the mentioned finance Institutions have remained silent about c l aims of silent sanction against Turkey, besides Turkey request , or rather the demand for dialogue with Washington and possibly the World's major finance Institutions the International Monetary Fund (IMF) aND European Central Bank (ECB).

                  Written by Professor Godfrey Ohia
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Name : Professor Godfrey Ohia.