Turks are asking Erdogan, “Where is the $128 bn?". That’s the FX drained from the central bank’s reserves by Berat Albayrak in his failed attempt to prop up the lira. This question has put RTE's arrogant, incompetent, & dangerous charade on full display.
This curve shows the unsuccessful economic policy of #Turkey 's Economic czar Berat Albayrak. During his term of office, the misery index (unemployment+inflation rate) has stuck well >25%. Apart from #Venezuela & #Argentina , this is one of the highest misery figures in the world.
Erdogan’s Son-in-Law quits as economy chief in chaotic weekend. Berat Albayrak resigns a day after central bank chief fired as he failed to stop Lira rout but burned #Turkey ’s currency reserves. Erdogan’s anger w/reserves policy said to be behind changes.
#Turkey ’s Treasury and FinMin Berat Albayrak resigns, due to health reasons, according to BBG citing a statement posted on his Instagram account. Albayrak says he’ll devote time to his family after resignation, according to the statement. The Lira has dropped under his helm 46%.