Erdogan said no Turkish citizen will have to move their savings from the Turkish lira to foreign currency
No Turkish citizen will have to move their savings from the Turkish lira to foreign currency, declared Erdogan after chairing a Cabinet meeting in the capital Ankara on Monday. "For exporting companies that find it difficult to present prices due to fluctuations in foreign exchange rates, they will be given a future exchange rate through the Central Bank," he explained.The state subsidy rate on the personal pension system will be raised significantly from 5 percent to 30 percent in order to boost its appeal, he said.
Helal olsun
Going against the long-established interest-based economy cannot be done unilaterally. Need a collective effort from the Islamic world.
When you hear a politician propose a 'financial alternative for citizens' savings,' you know there's only one thing left to do: run, run and hide...
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