The removal of the Governor of the Central Bank of Turkey and the appointment of his deputy instead

[ChuckFinley]

Turn the Pastor over to the Vatican as a natural party. A good deal maker always finds away to close a deal.  

[Pitcher]

Turkey’s Erdogan says will bring safety and peace to Syria, Iraq

 

August 26, 2018 at 3:43 pm | Published in: Europe & Russia, Iraq, Middle East, News, Syria, Turkey

President of Turkey Recep Tayyip Erdogan addresses the citizens during the event marking the 947th anniversary of Victory of Malazgirt (1071 Manzikert War) in Mus province of Turkey on August 26, 2018 [Turkish Presidency / Murat Cetinmuhurdar / Handout - Anadolu Age

 

Turkish President Tayyip Erdogan vowed on Sunday to bring peace and safety to Iraq and areas in Syria not under Turkish control and said terrorist organisations in those areas would be eliminated.

Turkey, which has backed some rebel groups in Syria, has been working with Russia, which supports Syrian President Bashar al Assad, and Iran for a political resolution to the crisis.

It has so far carried out two cross-border operations along its border with Syria and set up a dozen military observations posts in the northern Syrian region of Idlib.

The rebel-held Idlib enclave is a refuge for civilians and rebels displaced from other areas of Syria as well as for powerful jihadist forces, but has been hit by a wave of air strikes and shelling this month.

The attacks posed a possible prelude to a full-scale Syrian government offensive, which Turkey has said would be disastrous.

Speaking in the southeastern province of Mus to commemorate the anniversary of the Battle of Manzikert of 1071, Erdogan vowed to bring peace and safety to Syria and Iraq.

“It is not for nothing that the only places in Syria where security and peace have been established are under Turkey’s control. God willing, we will establish the same peace in other parts of Syria too. God willing, we will bring the same peace to Iraq, where terrorist organisations are active,” he said.

Erdogan also linked regional conflicts and an ongoing currency crisis in Turkey, which he has cast as an “economic war”, to previous attempts to invade Anatolia, warning that the this would lead to the collapse of surrounding regions.

“Those who seek temporary reasons behind the troubles we have been facing recently are wrong, very wrong. The attacks we face today… are rooted in history,” he said, adding:

Don’t forget, Anatolia is a wall and if this wall collapses, there will no longer be a Middle East, Africa, Central Asia, Balkans or Caucasus.

Turkey’s lira has tumbled nearly 40 percent this year as investor concerns over Erdogan’s grip on monetary policy and a growing dispute with the United States put pressure on the currency.

Ankara has accused Washington of targeting Turkey over the fate of Andrew Brunson, an American pastor being tried in Turkey on terrorism charges that he denies.

“Some careless people among us think this is about Tayyip Erdogan or the AK Party. No, this is about Turkey,” Erdogan said.

 

https://www.middleeastmonitor.com/20180826-turkeys-erdogan-says-will-bring-safety-and-peace-to-syria-iraq/

[normala rashid]

i thought erdagon is good leader to the world . We are exhausted from old political monopoly . We want peace of trade and following the rule of law. We happy liberalism economy but when dictator manopoly ... nothing cool economic 

[KDuesing]

7 hours ago, Pitcher said:

Turkish President Tayyip Erdogan vowed on Sunday to bring peace and safety to Iraq and areas in Syria not under Turkish control and said terrorist organisations in those areas would be eliminated.

Yep just a few more chemical weapon attacks and peace will return just like we promised.

[ChuckFinley]

Well that is a relief, where has he been for the last 20 years?

[Butifldrm]

 

Economy
Kurdish source reveals the cancellation of the visa between Turkey and Iraq

 

 Twilight News    

 

 one hour ago

 

 

A source at the Ibrahim al-Khalil crossing in the province of Dohuk in the Kurdistan region, Tuesday, close to cancel the visa entry between Iraq and Turkey in the next few days.

The source, who declined to give his name, said the visa would be canceled 100 percent and that anyone traveling from Iraq to Turkey would pay a small sum instead of a visa.

He explained that the Turkish consulate in Arbil informed the crossing authorities that no official decision had been reached by the consulate until now, .

The current amount of the visa is US $ 105 and the "very important" figure is US $ 195.

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/339713df-d324-4b14-baca-5b920dd24608

[Butifldrm]

 

 

Erdogan attacks rating agencies and calls for curbing dollar dominance

Turkish President Recep Tayyip  Erdoğan has launched an attack on conspirators against his country, criticizing credit rating agencies and tackling manipulation of  exchange rates to "question the Turkish economy," stressing at the same time "the need to end the dominance of the  dollar on world trade ." 

In a speech on Sunday at the Kyrgyz-Kyrgyz Business Forum in Bishkek, Erdoğan said that the purpose of manipulating foreign exchange rates is to raise doubts about the strong and robust Turkish economy, stressing the need to end gradually the dominance of the dollar from During dealing in local currencies.

"The link of world trade, in particular, to the dollar has become a big problem, day by day," he said, stressing his country's determination to achieve full independence in the economy, especially defense industries. 

Countries, companies and traders had to face the difficulties of pegging to the dollar and exchange rate pressures, as well as the difficulties caused by the nature of trade itself. The system of "trade facilitation" was becoming a major obstacle to global free trade.
 

He stressed that emerging countries suffer from this problem, adding that the biggest example of this is the economic attacks on Turkey in recent weeks, noting that all the steps provided by the global credit rating institutions politicized, adding that "these institutions do not have the honesty and honesty , But is fraudulent do not believe it. 

Dealing with rubles and lira

Erdogan pointed out that his country is discussing with Russia dealing with the ruble and the Turkish lira in trade exchange, indicating that it will start dealing with Iran and China also in local currencies. 

He stressed that his country is determined to achieve full independence in the economy, especially defense industries, stressing that the economy will exceed the current phase and emerge stronger than it was in the past. 

Turkey's self-sufficiency in the defense industry was 20% when its AKP took power and today it is 65%.

Meanwhile, the lira fell again on Sunday, recording 6.54 lira against the dollar and 7,597 lira per euro, following yesterday's improvement following a decree to increase government cutbacks in interest rates and profit on bank deposits. Would raise the interest rate by one percentage point to the lire deposits and reduce them to dollar deposits.
 

The goal, according to specialists, to strengthen the deposit in pounds, and try to take dollars from banks to the market or exchange in lira. 

Turkish President Recep Tayyip Erdoğan issued Presidential Decree No. 53 of August 30, 2018, to increase the percentage of government deductions from interest and profit on bank deposits deposited on dollar-denominated murabaha accounts and to reduce government deductions from Interest and profit on bank deposits and on Murabaha accounts held in Turkish lira. 

Interest and Profit Deductions

The decree covers all bank accounts, whether personal accounts or corporate accounts, provided that the work is done for three months from the date of its publication in the Official Gazette. 

According to the decree, the deposits were divided according to the period of time, as follows:

- Deposits in dollars: For deposits up to 6 months, a monthly tax is deducted 20% of interest or profit, having previously been 18%. Deposits from 6 months to one year are deducted from the interest or profit rate of 16%, which was previously 15%, whereas deposits for one year and above were not increased by 13%. 

- Deposits in Turkish Lira: For deposits up to 6 months, a monthly tax of 5% of interest or profit is deducted from the previous rate of 15%. Deposits from 6 months to the year are deducted from a monthly interest rate of 3% 12%, deposits for one year and above do not have any deductions after they were previously 10%. 

Positive results

Observers believe that the Turkish lira will begin to recover with the features of political breakthroughs and after Central Bank data yesterday, the increase in foreign exchange reserves by 370 million dollars, bringing the total reserves of the Central Bank 92 billion and 692 million dollars.
 

According to statistics of the Central Bank of Turkey, the week ended on August 20, the net foreign exchange reserves increased by 184 million, to become 72 billion and 924 million dollars. Gold reserves rose by $ 186 million at the end of August 20, bringing the total reserves to $ 19 billion and $ 768 million. 

The Turkish president's decision this week to appoint a new central bank governor to replace the current governor, Erkan Kilimji, who will leave the post for the past two years to a new position at the Turkish Development Bank, will also play an additional role in improving the price of the lost Turkish lira. About 40 percent of its value this year and more than 25 percent since the Asiouin, after the deepening of the dispute between Ankara and Washington against the backdrop of the prevention of Turkey travel of the US pastor, Andrew Branson, and the subsequent sanctions on ministers and exchange of duties on exports between the two countries.

https://www.alaraby.co.uk/economy/2018/9/2/أردوغان-يهاجم-وكالات-التصنيف-ويدعو-إلى-كبح-هيمنة-الدولار

[yota691]

The Turkish economy shows strong growth indicators

Published: 10.09.2018 | 15:34 GMT |

Last Updated: 11.09.2018 | 05:28 GMT |

Reuters

The Turkish economy shows strong growth indicators

 

 

The Turkish economy grew by 5.2% in the second quarter of this year, despite the pressures of the lira in 2018.

According to data published by the Turkish Statistical Institute, on the results of GDP during the second quarter of this year.

The GDP increased during the period to about 884 billion Turkish liras, equivalent to 137.06 billion dollars, the institute said.

The growth rate is in line with the expectations of economists, which indicated the same growth rate (5.2%), according to the agency "Anatolia".

Turkey was second on the European continent, in terms of growth rates, after Ireland, which grew 7.8% in the second quarter of this year.

The Turkish lira has lost about 40 percent of its value against the dollar this year, and accelerated its decline due to the dispute between Turkey and the United States on the fate of the US pastor Andrew Branson suspended in Turkey, which faces terrorism charges there.

Source: Agencies

[yota691]

The Turkish lira is ranked third in the world

15/9/2018 12:00 am  After the central bank's decision to raise interest rates to 24 percent of  Ankara / agencies The Turkish lira rose against the dollar after the central bank's decision to raise interest rates to 24 percent on Thursday despite opposition from President Recep Tayyip Erdogan over the past few days. The central bank's attempt to stem the collapse of the Turkish currency resulted in an increase of 6.25 percentage points, the largest increase under Erdogan's rule in 15 years.  Despite the minuscule gains on Thursday, the pound's pound against the dollar fell 38 percent this year.  Erdogan has always blamed the central bank for rising inflation, which hit about 18 percent last month, its highest level since 2003. Thus, the Turkish lira is ranked third in the world in terms of the average rate of interest, with Argentina ranked first in terms of interest rate of 60%, followed by the Republic of Suriname in second place with a rate of 25% followed by Turkey, followed by Venezuela at the fourth rate of 20.7%, and in the center Fifth with Haiti at 20 percent, Iran and Ukraine sixth with 18 percent, Ghana with 17 percent, followed by Egypt with 16.7 percent and Angola with 16.5 percent.  Concerns about the impact of the Turkish president on monetary policy and the rest with the United States have eroded the confidence of investors in Turkey in recent months. Erdogan, who called himself an "interest rate foe", chose his son-in-law, Birat al-Bayrak, as finance minister last July. Société Générale analyst Phoenix Calin said the market was both happy and confused because of the bank's move. "It seems like there is a game (good cop and bad cop) taking place between the Turkish authorities. On the other hand, President Erdogan continues his statements of interest rate hatred, which led to a very large reaction from the central bank in response to recent inflationary and geopolitical developments."  "Breit Brett," at Aberdeen Standard Investments, said raising interest rates would put "Turkey on the slow track to restore some credibility of monetary policy, which is very important."  "Turkey also needs to resolve its trade dispute with the United States and rebalance the economy away from large infrastructure projects and consumer spending," Piotr Mattis of Rabobank said. The central bank surprised investors by not raising interest rates at its last meeting in July, which led to a quarter-lira depreciation and prompted the Turkish authorities to impose a series of measures aimed at boosting the currency.  Turkey on Thursday banned foreign currency use in the country 's property market

[yota691]

The Turkish lira leads the gains of emerging currencies .. The Russian ruble is the biggest loser

 

 

26 September 2018 04:18 PM
Mubasher: Emerging market currencies were mixed on Wednesday as the greenback strengthened against the Fed's interest rate decision.

The Turkish lira was among the biggest gainers in the currencies of advanced economies, while the biggest losses were from the Russian ruble.

The performance of emerging market currencies coincides with the strength of the US dollar, which strengthened against the backdrop of strong speculation suggesting a new interest rate hike by the Fed .

By 12:27 pm GMT, the Turkish currency rose against its US counterpart by about 0.7%, the dollar fell to 6.1184 pounds.

The South African currency rose against the US currency by 0.4% to record the dollar 14.3003 rand.

The Indian Rupee rose 0.1% against the greenback, with the greenback falling to 72.616 rupees.

On the dollar-ruble pair, it rose 0.3% to the US dollar to 65.9955 rubles.

The Mexican peso fell more than 0.2% against the US dollar to 19.0362 pesos per dollar.

The Brazilian Real fell against the Dollar by more than 0.1% to record the green currency 4.0804 riyals.

The Chinese yuan also fell against the dollar by 0.1% to record US $ 6.8747 yuan.

During the same period, the main index of the dollar, which tracks the performance of the US dollar against six major currencies, rose 0.2% to record 94.323.

[Butifldrm]

Re-trial of American pastor detained in Turkey

Directly: a court in western Turkey on Friday to resume trial proceedings against a US priest accused of plot to overthrow President Recep Tayyip Erdogan; to determine whether to release him or not.

The administration of US President Donald Trump has expressed confidence in recent days that Andrew Brunson will be released soon, hopes that contributed to strengthening the value of the pound against the dollar after months of sharp decline.

Two years ago, the US authorities arrested the American pastor and placed him under house arrest for alleged involvement in terrorist relations.

US-Turkish relations have been in a state of intense tension following the latter's refusal to release Brunson without the receipt of Fathallah Gulin.

Erdogan also accused Washington of launching an economic war against his country, a dispute that has overshadowed markets since late July.

The Turkish lira gained significant gains following reports that Washington and Ankara reached an agreement that would release Brunson.

By 10:11 am GMT, the Turkish lira against the US dollar rose marginally by 0.09% to drop

the green card to 5.9205 lira.

https://www.mubasher.info/news/3351914/استئناف-محاكمة-القس-الأمريكي-المحتجز-في-تركيا

[Butifldrm]

 

 

Turkey 's economy looms ahead of Friday's trial

 Twilight News    

 5 hours ago

The Turkish lira rose against the US dollar after a US media report said a deal had been reached for the release of a US priest, a day before his trial in Turkey resumed.
The lira rose to 5.9025 against the dollar after the NBC News report, from 6.0767 at closing on Wednesday.

By 2030 GMT, the lira was at 5.9100, up 2.66 percent.

The trial of Rev. Andrew Brunson between several sources of tension between the United States and Turkey, members of the North Atlantic Treaty Organization, was one of the factors behind the fall of 40 percent in the value of the Turkish lira this year.

Brunson faces charges of terrorism, charges he denies.

The next session of the trial of Brunson is scheduled for Friday (October 12th) in Izmir (west of the country).

NBC News, quoting two senior administration officials and a well-informed source, said the White House expected Turkey to release Brunson and return to the United States in the coming days.

The report could not be immediately verified, Reuters reported.

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/ede16d59-0336-419f-8a73-2ab1fd46bf68

[yota691]

The Turkish lira is up 2.7% with the release of the US pastor

 

 11 October 2018 09:45 PM
direct : Turkish lira rose by about 2.7% against the US dollar during trading on Thursday, after a report near the release of the American priest.

The White House said the White House expected the Turkish government to release its US priest, Andrew Brunson, in the coming days after a secret agreement was reached.

Turkey has put the US pastor under house arrest and accused him of terrorism and espionage, becoming a source of tension between Washington and Ankara.

As a result of this issue, the United States has doubled tariffs against Turkey, recording local currency record losses in recent period.

The pressure on the Turkish lira increased the country's inflation rate, which hit 24.5 percent in August and cut the credit rating of several banks in Ankara as a result of economic crises.

By 6:15 pm GMT, the Turkish lira rose 2.7 percent against its US counterpart to 5.9139 pounds.

[Butifldrm]

Ankara talks about "burning" Iraq for billions of dollars and offers assistance

 

BAGHDAD (Reuters) - Turkey's ambassador to Iraq, Fatih Yildiz, warned of the burning of billions of dollars in the process of extracting Iraqi oil, while stressing the possibility of Turkish companies to avoid this loss.

"When you go from Baghdad to Basra you see these scenes, billions of dollars of gas are being burned while oil is being extracted, because it can not be used in Iraq," Yildiz said in a tweet.

"I think it is important to assess the potential investment of Turkish companies with significant experience in this field," he added.

The Minister of Oil, Thamer Ghadhban, announced (31 October 2018), announced that his ministry will pay great attention to reduce gas burning and benefit from and increase investment, which is among the main tasks of his ministry.

 

Iraq has already begun under the former minister Jabbar al-Luaibi to stop the burning of gas and investment, where he announced Allaibi (September 29, 2018) that Iraq began to produce natural gas from the fields of Dhi Qar oil.

 

Iraq continues to burn some of the gas associated with oil in its fields because of lack of facilities to address and turn it into fuel.

Share this topic:

https://www.iraqpressagency.com/انقرة-تتحدث-عن-حرق-العراق-لمليارات-ال/

[Butifldrm]

Change policy calls on Saleh to end the Turkish presence in Iraqi territory

 

 Twilight News    

 

 2 hours ago

 

 

A member of the House of Representatives on Change bloc and member of the legal committee Bahar Mahmoud, Sunday, President Barham Saleh, using his powers and ending the Turkish presence on Iraqi soil and protect the sovereignty of the state, being the protector of the Constitution.

"The bombing of the Turkish forces is contrary to the constitution and is a clear violation of the sovereignty of Iraq and is also contrary to all international human rights instruments," Mahmoud said in a statement to Ashqaf News. He called for "the subject to be presented to the UN Security Council as a clear violation of the principle of good Good and human rights and a violation of national sovereignty ".

She also called on Mahmoud "the federal government to take all the diplomatic and legal means to bring these forces out."

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/59ca2e54-43bd-4189-a6bc-75361ae0dd82

[Butifldrm]

Turkey's policy is an agreement with Baghdad and Kurdistan to take "steps" towards the Labor Party

 Twilight News    

 41 minutes ago

 

Turkish Foreign Minister Zaooshoglu announced on Sunday that steps will be taken against the "Be Ka Ka" in coordination with the Iraqi government and the Kurdistan Regional Government.

The head of the Kurdistan Regional Government, Nechirvan Barzani, refused earlier in the day, Sunday, to exploit the territory of the territory and make it a starting point to target the neighboring countries of Iraq, expressing his condolences and condolences to the families of the victims who fell in the province of Dohuk.

Barzani told a news conference that "some parties represent agendas against other countries, we do not allow this," pointing out that "everyone has the right to demonstrate, but according to the law and not turn them into riots."

 

He pointed out that "the bombing occurred in the areas of the presence of elements of the Kurdistan Workers Party, but should not respond to attack the positions of the Turkish army, and must address these reasons."

Barzani, speaking on the telephone conversation with Turkish Foreign Minister Zhaoshoglu on Saturday, said that "the telephone conversation that took place around the incident, we have seen the emphasis on the prevention of the exploitation of the territory of the Kurdistan Region from any party."
 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/967de1d2-9f82-4b01-a828-2408a2dfd395

[Butifldrm]

Erdogan Moves To Seize Turkey's Largest Bank

by Tyler Durden

Tue, 02/05/2019 - 09:00

19

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With the Turkish Lira surging in recent months, largely on the back of recent dollar weakness coupled with lack of Turkish economic horror stories, it had been a while since we got a reminder that Turkey is now a truly authoritarian state in which president Recep Tayyip Erdogan is the country's de facto dictator, having been granted virtually unlimited executive powers last year.

On Tuesday, we got just such a reminder, when Erodgan escalated his campaign to seize the nation’s largest listed lender, Turkiye Is Bankasi, when he urged Turkey's puppet parliament to vote for the takeover according to Bloomberg.

Shares of the bank, which is partially owned by Turkey's main opposition party, tumbled after Erdogan told his ruling AK party’s lawmakers in Ankara on Tuesday that "Isbank will become the property of the Treasury, with the permission of God."

While the opposition CHP party, which has been repeatedly targeted by Erdogan in the past, doesn’t get any dividends from its 28% stake in Isbank, Erdogan accuses it of "exploiting" the memory Mustafa Kemal Ataturk, the father of modern Turkey, who bequeathed Isbank shares to the party he created in his will. Erdogan, always eager to nationalize any valuable asset so it can then become part of the Erdogan family empire, has contended that what once belonged to the nation’s founder shouldn’t be owned by a political faction, especially not one which opposes him.

Naturally, any ad hoc nationalization by Erdogan of a major financial institution would lead to market chaos and flight of foreigners from the emerging market; predictably Isbank has said in the past that any effort to nationalize it would amount to a financial crime. Meanwhile, CHP has so far resisted Erdogan’s demands to give up its equity stake and its four seats on the bank's board although it may have no choice but to comply with the "parliament's" wishes.

And while the AK party lacks the parliamentary majority needed to unilaterally change the laws on the bank’s ownership - for now - according to Bloomberg Erdogan suggested its junior partner in the assembly, the nationalist MHP, would support his legislative efforts to enable the unprecedented takeover.

Isbank shares plunged as much as 6% following Erdogan’s comments and were trading 1.2% lower as of 1 p.m. in Istanbul. The Turkish lira, which inexplicably continues to surge despite Turkey's ongoing episode of rampant inflation, also trimmed gains, trading 0.2% higher at 5.2067 per dollar.

To be sure, there is a reason why the market may be taking Erdogan's threats as hollow, which may reflect an effort to energize his base before municipal elections in March: it’s not the first time he has vowed to take over Isbank. In fact, his aides first began floating the idea of nationalizing Isbank in 2015. While so far the bank has resisted Erdogan's nationalization push, all it takes is for one time to be different.

https://www.zerohedge.com/news/2019-02-05/erdogan-moves-seize-turkeys-largest-bank

[nannab]

EH?  A bank takeover with God's permission? Ain't that something. 

Good morning Butifldrm and DV  

 

43 minutes ago, Butifldrm said:

Shares of the bank, which is partially owned by Turkey's main opposition party, tumbled after Erdogan told his ruling AK party’s lawmakers in Ankara on Tuesday that "Isbank will become the property of the Treasury, with the permission of God."

 

[yota691]

Turkey is looking to enter the club of the 10 most powerful economies in the world

03:26 - 05/02/2019

 

 

 

Follow - up - News balances 
put Turkish President Recep Tayyip Erdogan in front of his country 's goal is to deliver it to the ranks of the most developed economies in the world. 
Erdogan said in a speech to the parliamentary bloc of the Justice and Development Party of the Turkish parliament in Ankara, where he said that the achievement of this goal will be through the development of the economy and the implementation of other strategies. 
He added that Turkey is currently ranked 13th in the list of the most developed countries in the world, indicating that this goal is achievable. 
The Turkish president pointed out during his speech that the value of his country's exports during the past year exceeded 168 billion dollars. 
Thus, Turkish exports increased by 7% in 2018 compared to 156 billion in 2017.
Asked why the pound fell against the dollar last year, Erdogan attributed it to political factors unrelated to the economy. "The decline in the exchange rate was not because of the weakness of the economy but because of foreign attacks and conspiracies against Turkey," he said. 
Turkey seeks to achieve a series of goals by 2023, which marks the first centennial of the proclamation of the Republic, most notably the entry into the list of the ten most powerful economies in the world. 
Ankara has adopted a political and economic vision to achieve a GDP of two trillion dollars up to 2023, compared to 851 billion dollars registered by the Turkish economy in 2017. Ended 29 /

[yota691]

After Erdogan's remarks .. Turkish bank Ich

04:14 - 05/02/2019

 

 

 

Mawazine News 
Turkish President Recep Tayyip Erdoğan's comments on the transfer of the Republican People's Party (CHP) shares in Bank Ich to the state treasury led to a drop in the bank's shares on Tuesday. 
The opposition Republican People's Party holds a 28.9 percent stake in Bank Ish under the will of Turkish founder Mustafa Kemal Ataturk. The party has four seats on the board of directors of the bank, and the party does not receive any profits from the shares it owns, but proceeds to the Supreme Council for Culture, Language and History. 
"Ataturk left the quota to the treasury, not the Republican People's Party," Erdogan said in a speech to the AKP parliamentary bloc in Ankara on Tuesday.
"I think the parliament will take this historic decision, God willing, and the bank's share will be transferred to the state treasury," he said, criticizing the opposition party's representation on the bank's board. 
Shares of "Ish", down after Erdogan's statements, and lost 2.78% of their value, down to 5.59 Turkish liras per share. 
The bank is the largest private banks in Turkey, and the bank was founded in 1924 and its assets in 2015 about 280 billion dollars.

[Butifldrm]

 

2019/02/16 14:47

• Number of readings 28
• Section: Iraq
•  
•  

Sadiqon: draft law to remove foreign troops includes Turkish

BAGHDAD / Al-Masala: The MP from the Sadigoun Fadil Jaber bloc, Saturday February 16, 2019, that the draft law to remove US forces to be legislated in the second legislative term of the House of Representatives, including the Turkish forces stationed on Iraqi soil.

"The political forces agreed to discuss and study the draft law in the second legislative term of the parliament in order to pass it," Jaber said in an interview with Al-Masala.

He added that "the Turkish forces are present on Iraqi territory illegally and are among the forces that will be covered by the law out of Iraq."

"The Prime Minister, the commander-in-chief of the armed forces, Adel Abdul Mahdi, will also have a position on the presence of these forces in the absence of need, so it will be part of the identification of troops that must leave the country."

Follow the obelisk
http://almasalah.com/ar/news/164018/الصادقون-مشروع-قانون-اخراج-القوات-الاجنبية-يشمل-التركية

[yota691]

The Turks give up the pound in favor of dollar holdings

 21 February 2019 08:58 PM
Direct: The Turks raised their foreign currency holdings at the expense of the Turkish lira to the highest level in 13 years, in reference to the decline in confidence in the local currency caused by the rapid inflation in the country.

Central bank data in Turkey revealed that the share of foreign currency held by the Turks has risen to 47% of total bank deposits this year, the highest level in 13 years. 

Companies and households in Turkey have turned $ 18 billion of lira savings into the dollar and the euro since last September, in the face of surging inflation and real revenues of nearly zero on deposits in local currency, according to Bloomberg.

The average deposit rate in lira fell more than 600 basis points from the highest level in September to 21.1%.

This shift is a sign that the dollar serves as a hedge for Turkey's citizens against falling bouts and continued inflation.

In January, Turkey's inflation rate accelerated to 20.4 percent year-on-year, from 20.3 percent in December.

Turkey's central bank sharply raised interest rates last September to stem the pound's fall, triggering a marked rebound in the currency, a third of its value against the dollar from a record low in August.

 

[Butifldrm]

Erdogan suffers major setbacks in local elections in Turkey’s big cities

Turkish ruling Justice and Development Party (AKP) Istanbul mayoral defeated candidate Binali Yildirim outside the AKP headquarters.

April 01, 201912:35

0

AK Party lost control of the capital Ankara for the first time since the party’s founding in 2001

Both the AKP and the main opposition Republican People’s Party (CHP) claimed victory in Istanbul

 

ANKARA/ISTANBUL: Turkey’s President Recep Tayyip Erdogan suffered stunning setbacks in local elections as his ruling AK Party lost control of the capital Ankara for the first time since the party’s founding in 2001, possibly complicating his plans to fight back recession.
Both the AKP and the main opposition Republican People’s Party (CHP) claimed victory in Istanbul, Turkey’s largest city and economic hub. The AKP said it had “plenty of” evidence of voting irregularities in Istanbul.
Erdogan, who has dominated Turkish politics since coming to power 16 years ago and ruled his country with an ever tighter grip, campaigned relentlessly for two months ahead of Sunday’s vote, which he described as a “matter of survival” for Turkey.
But his daily rallies and overwhelmingly supportive media coverage failed to win over voters in the two main cities, as last year’s punishing currency crisis weighed heavily on Turks.
“The people have voted in favor of democracy, they have chosen democracy,” said opposition leader Kemal Kilicdaroglu, whose secularist CHP also held its Aegean coastal stronghold of Izmir, Turkey’s third largest city.
The AKP and its Islamist predecessor have controlled Istanbul and Ankara for 25 years. The results, which were still being tallied and faced appeals, would likely bring personnel changes at the highest ranks of government, according to sources inside and close to the AKP.
In Istanbul, the county’s largest city, the CHP mayoral candidate was more than 25,000 votes ahead of his AKP opponent as the last votes were being counted, according to the country’s electoral board and CHP data.
But AKP Istanbul provincial head, Bayram Senocak, said voting irregularities had had an impact on the outcome and insisted that Erdogan’s party had won.
In Ankara, Turkish broadcasters said the CHP candidate had won a clear victory, but the AKP said it would appeal in districts across the city and expected to shift the outcome in its favor.
Erdogan’s ruling alliance, including the nationalist MHP, captured 51.7 percent of the nationwide vote with nearly all votes counted, according to state-owned Anadolu news agency. The turnout was a very high 84.52 percent.
Despite eking out majority support across the country, defeat for Erdogan’s religiously conservative party in Ankara was a significant blow for the president. The possibility of losing Istanbul, where he launched his political career and served as mayor in the 1990s, was an even greater shock.
The Turkish lira, which swung wildly in the week ahead of the elections echoing last year’s currency crisis, weakened on Monday as much as 2.5 percent against the dollar before recovering early losses.
An AKP official and a source close to the party predicted a cabinet shuffle or other changes among those around Erdogan, especially given the loss in Istanbul.
“There will certainly be changes in some places, such Erdogan’s close circle in the party and the cabinet,” said the official, who requested anonymity. “Markets expect that there will be a change in the cabinet. This makes a change necessary.”

http://www.arabnews.com/node/1476016/middle-east

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US suspends F-35 deliveries to Turkey over Russian arms

 

 

A US soldier guards a US F35 stealth aircraft. (File photo/AFP)

 

REUTERS

April 02, 201900:00

0

WASHINGTON: The United States has halted delivery of equipment related to the stealthy F-35 fighter aircraft to Turkey, sources familiar with the situation said, marking the first concrete US step to block delivery of the jet to the NATO ally in light of Ankara’s planned purchase of a Russian missile defense system.
In recent days, US officials told their Turkish counterparts they will not receive further shipments of F-35 related equipment needed to prepare for the arrival of the stealthy jet, two sources familiar with the situation told Reuters. The aircraft is built by Lockheed Martin Corp.
The sources, speaking on condition of anonymity, said the next shipment of training equipment, and all subsequent shipments of F-35 related material, have been canceled.
Turkish President Tayyip Erdogan has refused to back down from Ankara’s planned purchase of a Russian S-400 missile defense system that the United States has said would compromise the security of F-35 aircraft. Turkey has said it will take delivery of the S-400s in July.
The disagreement over the F-35 is the latest of a series of diplomatic disputes between the United States and Turkey including Turkish demands that the United States extradite cleric Fethullah Gulen, differences over Middle East policy and the war in Syria, and sanctions on Iran.
A Pentagon official had told Reuters in March that the United States had a number of items it could withhold in order to send Turkey a signal that the United States was serious about Ankara dropping its ambition to own the S-400.
The Pentagon did not immediately respond to a request for comment. Turkish officials in Ankara were not immediately available for comment.
The US decision on the F-35s was expected to complicate Turkish Foreign Minister Mevlut Cavusoglu’s planned visit to Washington this week for a NATO summit. The latest development in the F-35 dispute came a day after Erdogan suffered one of his biggest electoral losses in decades in local elections.
Reuters reported last week that Washington was exploring whether it could remove Turkey from production of the F-35. Turkey makes parts of the fuselage, landing gear and cockpit displays. Sources familiar with the F-35’s intricate worldwide production process and US thinking on the issue last week said Turkey’s role can be replaced.
The United States and other NATO allies that own F-35s fear the radar on the Russian S-400 missile system will learn how to spot and track the jet, making it less able to evade Russian weapons in the future.
In an attempt to persuade Turkey to drop its plans to buy the S-400, the United States offered the pricier American-made Patriot anti-missile system in a discounted deal that expired at the end of March. Turkey has shown interest in the Patriot system, but not at the expense of abandoning the S-400.
Turkey has engaged with US negotiators in recent days about buying the Patriot system, a person familiar with the matter said. The system is made by Raytheon Co.
Turkish Defense Minister Hulusi Akar in March said that despite some issues, Turkish pilots were continuing their training at an air base in Arizona on the F-35, each of which costs $90 million, and that Ankara was expecting the aircraft to arrive in Turkey in November.
US lawmakers also have expressed alarm over Turkey’s planned purchase of the Russian system. Four US senators last week introduced a bipartisan bill that would prohibit the transfer of F-35s to Turkey until the US government certifies that Ankara will not take delivery of the S-400 system.

http://www.arabnews.com/node/1476226/middle-east

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Khazali's to the Turkish ambassador: The presence of your troops is rejected

 Twilight News    

 2 hours ago

The leader of Asaib Ahl al-Haqq Qais al-Khazali confirmed on Wednesday that he refused to allow the presence of Turkish troops on Iraqi soil.

"The continued presence of Turkish troops on Iraqi soil is officially and unpopular," Khazali said during a meeting with Turkish Ambassador Fatih Yildiz.

"A post-Saddam Iraq is a strong social, military and political force that must be dealt with on this basis," Khazali said.

It is noteworthy that the Turkish intelligence recently conducted a security operation in Sinjar district of Nineveh province, resulted in the arrest of four elements of the Kurdistan Workers' Party.

Keywords:

 

http://www.shafaaq.com/ar/Ar_NewsReader/f2a106c0-3730-4fc7-8030-af56f5a86044