Today Turkish the people will make their final choice in favor of the president, who rule Turkey for the next five years, but everyone agrees that especially difficult days come immediately after the elections, as many of the country’s problems are found to have been swept under the rug lately.

A simple example of the scale of the problems is the data released by the Istanbul Municipality on a sharp increase in rents. Over the past four years, rent in Istanbul has increased by 713%, and in Turkey as a whole – by 583%. “With these data, this is the personal and only personal success of Recep Tayyip Erdogan, who managed to get 49.5% of the vote in the first round of elections,” a well-known Turkish sociologist who predicted his victory tells us. Kemal Kilicdaroglu.

“Wounds”

The reality is that if someone leaves the house they rent and tries to move, the prices will be three times higher than the rent they pay today. In current contracts, the state has set a ceiling of 25%. Virtually all the economic analysts K spoke to talk about the problems facing the country and emphasize that empty central bank currency boards, high inflation, and unorthodox low interest rate policies must be dealt with immediately. and tough measures.

Today in Turkey, citizens who have the money to protect their savings either buy property at astronomical prices and then rent it out for huge rents, or buy cars and lock them up in a parking lot!

Car prices are rising every day, so the investor is protected from inflation, and bank deposits, due to Mr. Erdogan’s desired low interest rate policy, do not cover the rapid rise in prices and inflation.

In an interview with CNN International, the Turkish President stressed that he would continue the previous monetary policy. Today, the interest rate of the central bank of Turkey is at 8.5%, with official inflation at 40%, and unofficial – above 75%.

Currency crisis

Another key issue is the lack of foreign exchange faced by Turkey’s central bank, with the opposition accusing the government of selling foreign exchange to keep the lira low. Turkish media reports that the central bank’s net reserves without swaps are -58 billion dollars!

Mr. Erdogan did not go into details of the problem, but said that Ankara solved the problem with the help of the Persian Gulf countries and other friendly countries. The opposition is talking about petrodollars coming from Qatar, Saudi Arabia, the United Arab Emirates and Azerbaijan. However, they argue that Russia is also supporting Mr. Erdogan by delaying payments for natural gas.

“No one should be worried. No one should listen to what the mediators of the crisis are saying. Our economy, our banking and financial system is on a solid foundation. Meanwhile, there have been Gulf countries and others who have placed their money in our system.

This is a new fact. And, as you can see, even in the short term, this calmed the markets and our central bank.

Over the past four years, rental prices in the Istanbul area have increased by 713%. 583% is an increase in the average for Turkey as a whole over the same period. The government has set a 25% ceiling for surcharges on contracts in force today. 8.5% is currently the interest rate of the central bank of Turkey. 40% is the official inflation. 75% – maybe a little more – is estimated by market participants unofficially.

Well, regardless of what they say, and after we win the election on Sunday, you will see the leaders come here, and you will see that I will quickly go to these leaders to thank them, ”said Erdogan in an interview with Channel D.

Today, however, many private Turkish banks offer an annual interest rate of 17% on foreign currency deposits with interest paid in advance, but capital conversion to Turkish lira, which, however, is protected by a state guarantee against changes in the exchange rate difference!

Polls

The Turkish president appears confident he will win comfortably, but is urging his party apparatus to be on the alert, stressing that relaxation could backfire. Two sociological companies, Konda and Metropoll, predict Erdogan’s victory with 52.7 and 53.7 percent, respectively.

However, the opposition camp claims they can turn the result in their favor if they manage to mobilize those who did not vote last time, and if they convince the nationalists that cooperation with the pro-Kurdish HDP party will not work against the Turkish state. Their eventual victory, they argue, will be an attempt to overthrow Mr. Erdogan’s regime and democratize the country. This is also the reason for the announced cooperation with the president of the nationalist Victory Party, Umit Ozdag.

According to party co-chairman Pervin Buldan, despite the possible negative terms of this deal, the HDP announced that it would support Mr. Kilicdaroglu “to end the regime.” While in detention, HDP President Selahattin Demirtas called on all Kurds to come to the polls to vote for the opposition candidate.

Mr. Erdogan was spurred on by his partnership with the nationalist Sinan Ogan, who received 5.2% of the vote in the previous round of elections.

Worry

Dogan Sedurk, director of the Turkish Fox television network, and Merdan Yanardag, director of the Tele1 television network, expressed concern in an interview with the Cumhuriyet newspaper that if Erdogan is re-elected, the press could have more difficult days. freedom in Turkey and warn of further possible arrests of journalists and increased restrictions on the media.

Mr. Kilicdaroglu promises democratization, freedom of the press, the release of those in prison despite contrary rulings from the European Court of Human Rights, such as businessman Osman Kavala, and the independence of the authorities in the country. However, most analysts believe that the likelihood of him winning the election is low. But the opposition does not exclude anything, even if they admit that they are hoping for a surprise.

Numbers