- President Recep Tayyip Erdoğan attended Borsa İstanbul 143rd Anniversary Program and the opening ceremony of the new service buildings.
- Borsa İstanbul Group subsidiaries Takas İstanbul, Merkezi Kayıt İstanbul and Gold Storage Center were opened with the presence of President Erdoğan.
In his speech at Borsa İstanbul 143rd Anniversary Program and the opening ceremony of new service buildings, President Recep Tayyip Erdoğan noted that Borsa İstanbul Group continues to work by getting stronger day by day.
Emphasizing that Borsa İstanbul Group has entered a new era with the Takas İstanbul and Merkezi Kayıt İstanbul service building and the Precious Metals Storage Center in Kuyumcukent, Erdoğan stated that it is very important to increase the capacity of the center from 100 tons to 1,600 tons.
Emphasizing that it is not a coincidence that Borsa Istanbul was one of the places targeted in Istanbul during the treacherous coup attempt of the Fetullah Terrorist Organization (FETO) on July 15, Erdoğan wished mercy to all martyrs, especially those who lost their lives here, and healing to the veterans.
Erdogan continued his words as follows:
"All kinds of attacks against Turkey are designed and implemented together with the economic dimension. It is much easier for these attacks to succeed in periods when the Turkish economy is not deep. We know that the 1994 and 2001 crises were triggered by speculations of a few billion or a few billion dollars.
The hands of those who want to make Turkey dependent on foreign sources have never been on us. Since 2003, similar methods have been tried from time to time. There have always been efforts to drag our country into a crisis over the stock market, exchange rates, and interest rates. They tried every way to prevent our big projects, especially to make loans more difficult, but now everyone should know that the old Turkey does not exist. The figures, volume and diameter of the Turkish economy grew very, very much. Despite this, the economic attacks against our country have not stopped. Since our nation saw this game, it also takes care of its economy, which it considers an important part of its independence and future.”
Expressing that as Turkey resists and struggles, its opponents raise the bar for attack, Erdoğan continued as follows:
"Recently, they have started to come at us again by using the exchange rate as a weapon. Let them come. We are producing and will produce alternatives to these. There is no other explanation for raising the exchange rate without any economic rationality, basis or compensation. In fact, we have the power and means to meet this attack. But unfortunately, we cause such an image because of a disease that we cannot overcome despite all our efforts. Our problem is that we cannot act quickly. Our relevant institutions are taking action cautiously after they wait and evaluate the issue from their own perspectives. This is also the case in recent days. It causes fluctuations that will upset the morale of our nation, as in the currency speculations we live in. Of course, we are well aware of the political reasons, targets and games behind the issue. We constantly evaluate the political problems that have economic consequences. “
Stating that a new era has been entered with many countries that have had problems in the recent past, President Erdoğan said, “We are witnessing signs that the stagnation in global trade is beginning to be overcome. However, it is clear that we need to be a little faster and more determined about the steps to be taken to solve our current economic problems. As a matter of fact, steps have been taken in this direction. I hope that with the removal of the artificial swelling in the exchange rate, the 'wait and see' policy in the markets will come to an end," he said.
Emphasizing that he wholeheartedly believes that the Turkish economy, which has successfully passed many difficult tests, will overcome today's troubles in a very short time, Erdogan said that, as in all troubles, they can overcome the problems in the economy, not by staying on the defensive, but by taking the offensive position.
Underlining that their roadmap is for 2023, Erdoğan said, “Are we experiencing a contraction in exports, we should immediately counterattack and focus on our one trillion-dollar foreign trade target by turning to new markets, new products, new marketing methods and products with high added value. If problems arise in growth, we must immediately hold on to our goal of becoming one of the world's top 10 economies by increasing production, strengthening our technology, encouraging investments," he said.
Stating that those who see the economy as consisting only of financial instruments, look at the issue in the short term, Erdoğan said, “We need to change this understanding once. At this point, the real economy is very, very important for us, not just finance. If you pay attention, you can see that the relations of those who only deal with the financial sector with the real economy on the other hand, and even from time to time before our government.
Those who used those financial opportunities to take the steps they took in the real sector both screwed up the country and screwed themselves. Economy is people, everything about people. Thankfully, our people are standing tall right now. This nation, which defends its country, democracy and freedom with an example of heroism that no other society in the world can show, is always ready to write new epics."
- "This business won't work if you don't take risks"
Recalling that he had said, "Do not delay this work," President Recep Tayyip Erdogan said recently, "Make your investments, trust yourself, trust the country. There is stability in this country, there is trust in this country. Never neglect these two magical concepts. But now I say one more thing, I say take risks. This will not work if you don't take risks. What I learned from my professors in my economics education is: 'Economy is risk.' But as a politician, I have always believed that politics is a risk in my 40 years of political life. I add one more thing to this. What is that? Life is risk. No. You may be alone with death or with diseases when you least expect it, in unexpected events." said.
Expressing that the nation and state will not forget anyone who stood by, supported and sacrificed for the country in these difficult days, Erdoğan emphasized that this is a sense of loyalty that cannot be measured with money.
Borsa İstanbul Chairman of the Board and the Executive Board, Himmet Karadağ, stated the following in his opening speech:
“My esteemed President, as a result of the failure of the treacherous coup attempt on July 15, thanks to your leadership and the epic stance of our nation, the evil forces this time started their attacks based on the economy, interest and exchange rate.
Again in this context, Borsa İstanbul, the only financial institution occupied, has changed its tariffs and all its liquid assets in its assets to Turkish Lira as the first financial institution to comply with the call of our President.
Stating that they have actively realized their 2023 goals and the vision of Istanbul International Financial Center, Karadağ said, “In this context, we are going into strategic cooperation with the leading institutions of the world finance sector. We have crowned our ongoing strategic partnerships with NASDAQ and EBRD with the historical cooperation that we started with the Islamic Development Bank under your auspices.
These strategic collaborations will bring a wide range of financial products worthy of Istanbul to our country and international capital markets.” said.
Reminding that they have real estate certificates, which is one of the Islamic finance products they are working on, Karadağ said, “These certificates will contribute to increasing the liquidity of the sector, to the rapid and effective implementation of urban transformation projects, and to reducing the conflicts between the right holders. Another product that will bring a new breath to our capital markets is the certificates based on the revenues of the public-private partnership projects that we plan to be traded on our stock exchange.” he said.
Montenegro continued his words as follows:
“All this corporate transformation process, strategic partnerships and newly developed products will accelerate the pace of our stock market, which wants to lead the capital markets, and will enable us to enter our public offering planned in 2018 strongly.
The International Interest-Free Finance Advisory Board, which is planned to be established in cooperation with our stock exchange in the near future, will also contribute greatly to the standardization of Islamic financial products.”
Erdoğan, Montenegro, Istanbul Governor Vasip Şahin, Turkey Wealth Fund General Manager Mehmet Bostan, SDIF President Şakir Ercan Gül, Borsa İstanbul General Manager Osman Saraç, Takas İstanbul Mahmut Kayacık, General Manager of Istanbul, cut together with Ahmet Yılmaz, General Manager of Central Records Istanbul.
At the end of the program, Montenegro presented a calligraphy painting to President Erdoğan.
