Turkish regime seeks to compensate its losses at citizen's expense, raises electricity price

In a move to compensate for its losses at the expense of the lives of citizens in Turkey, the authorities of the Turkish Justice and Development Party decided to raise electricity prices.

Turkish regime seeks to compensate its losses at citizen's expense, raises electricity price
1 September, 2018   08:16

NEWS DESK

The electricity facility will raise prices by 14 % for industrial use and 9 % for domestic use from September 1, according to figures published in the official Gazette in Turkey, Reuters reported.

The price increase will exacerbate inflation, which has already reached the double digits, highlighting other dimensions of the ongoing currency crisis in Turkey.

Since the beginning of this year, the Turkish lira has fallen about 40% and on Friday the value of the Turkish lira fell to a record level of 6.7 lira against the US dollar.

The main reason for the deterioration of the Turkish currency is due to the wrong policies of the Turkish Justice and Development Party and the tension between Turkey and the United States of America on many topics.

H/S

ANHA