Turkey can raise reserves up to 200 billion dollars

The President of Turkey, Recep Tayyip Erdogan, said today that his country can raise its international reserves to 200 billion dollars.

Speaking at the VII Congress of the ruling Party for Justice and Development of Izmir province, Erdogan recalled that they came to the executive branch in 2002 with reserves of 27.5 billion dollars, raised them to 132 billion and currently they are at 95 billion.

The president assured that the economy is well positioned to compete on the world stage.

Erdogan’s statements came after the European Union (EU) threatened to include Ankara on its list of tax havens if it does not activate a tax information exchange system with the 27 member states before next June.

Barbados left the list and Dominica entered to join 11 other territories: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the American Virgin Islands and Vanuatu.

Turkey, in a kind of gray list, had to fulfill its commitment no later than December 31 of last year, but the 27 agreed to give an additional deadline until June 30.

Erdogan also participated in the provincial congresses of his political force in Hakkari and Nevsehir via videoconference.

“All foreign exchange transactions in Turkey comply with the law and market rules and do not involve any exploitation, unfair profit or illegal or immoral transactions,” the head of state said.

In this direction, the president highlighted progress in the energy sector, including the discoveries of natural gas reserves in the Black Sea last year.

Likewise, he defended the anti-terrorist strategy against the Kurdistan Workers’ Party (PKK, for its acronym in Turkish), which he blames for most of the violent actions in the country.

The PKK, on ​​the list of terrorist organizations of Turkey, the United States and the European Union (EU), is responsible for the death of some 40 thousand people in the past 35 years.

Erdogan announced that next August they will deliver a large part of the 5,000 homes under construction to help the victims of the 6.6 earthquake on the open Richter scale, which on October 30 of last year left more than a hundred dead

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