Erdogan ruled out early elections in Turkey.
The Turkish president said in a speech on Monday that there would be no early elections in the country.
Turkish President Recep Tayyip Erdogan said in a speech on Monday evening that early elections would not be held in the country.
“We are aware of the cunning of those who try to stab the country and the nation from behind,” he said.
The Turkish president added: “In the next few months, we will see how inflation in the country will decrease. “We did not run the country yesterday, but 19 years ago, and we know how to manage the economy.”
“As interest rates fall, we will all see how inflation falls in the next few months,” Erdogan said.
Ali Babacan, the leader of Turkey’s opposition Democracy and Progress Party, on Saturday called for early elections to end the current financial crisis, but said Erdogan would not agree to it because he would not win in the current situation.
Last November, in response to a call by opposition groups for early elections, Erdogan said that presidential and parliamentary elections in Turkey were scheduled for July 2023.
According to reports, the Turkish lira continues to fall against the dollar and today the US dollar was traded at 18 Turkish lira.
The Turkish lira has depreciated amid pressure from President Recep Tayyip Erdogan on the central bank to cut borrowing costs to boost economic growth.
