Erdogan urges Turkey's central bank to raise foreign reserves

By REUTERS
August 4, 2016 13:00

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

ISTANBUL - Turkish President Tayyip Erdogan said on Thursday the central bank should aim to raise its foreign reserves to at least $165 billion and urged lenders to reduce interest rates for home purchases to around 9 percent.

In a speech to the heads of chambers of commerce and courses at the presidential palace in Ankara, Erdogan described high interest rates as oppressive. He has repeatedly said Turkey's economy remains strong in the wake of last month's failed military coup, and has long advocated lower interest rates.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
December 15, 2018
Suspected double homicide in Lod, parents shot with 6 year old in the car

By JPOST.COM STAFF