Ali Rıza Güngen writes: In Turkey, a portion of the risk stemming from foreign currency loans has been transferred to the public. In other words, not the individual debts but the risk has been spread to society.
Turkey's banking authority lowered the mandated loan-to-assets ratio for deposit banks to 95 percent, formerly 100 percent. The relaxing of the stimulation policy follows record devaluation of the Turkish Lira against the dollar.
Finance Minister Berat Albayrak said that it will not be easy to import goods apart from those considered essential during the coronavirus pandemic, which has battered the economy of Turkey and its trading partners. He added that the amount of support credit funds that have been distributed in Turkey due to the pandemic has reached the 252 billion TL mark.
A document titled "COVID-19 normalization plan" with the presidential seal raised question marks in terms of its authenticity on social media, as the file can't be found on any official website. A number of Turkish media outlets reported that the PDF wasn't authentic and that no "normalization plan" was officially announced.
Turkey will send medical aid to Israel and Palestine to help them battle coronavirus, Presidential Spokesman İbrahim Kalın said on Sunday. He added that Armenia’s medicine demand was also approved by President Erdoğan.
A group of 25 students pressed charges against police officers who beat them up whilst disbanding a protest on March 4 against Turkey's loans and dormitories authority. The students said all student housing and food expenses should be free.
The Ankara Municipality is working on securing loans in order to fund the construction of a new metro line in the capital, said Ankara Mayor Mansur Yavaş on Feb. 11. The line is planned to run six stops from the central Dikimevi station to the east, ending at the Nata Vega shopping mall in the district of Mamak.