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“IN THESE CONDITIONS, NOT POSSIBLE FOR THE EXPORTERS TO EARN”

Press release…

Yağcı: In these conditions, it is not possible for the exporter to earn.

Cahit Doğan Yağcı, Chairman of the Aegean Furniture Paper and Forestry Products Exporters’ Association, said, “We estimate how the raw material imported at high exchange rates with high export inputs will lead to losses.”

“The autonomy of the Central Bank is very important. Some of the reasons for the increase in the exchange rate were sudden movements as a result of the political interventions. There is a loss of 18 percent and 20 percent. The exporter is constantly under pressure of the importer when the exchange rates rise. Plus a 20 percent loss of value. it is not possible for the exporter to earn,” Yağcı noted.

“Export has a very important feature for the producer. You are balancing the cash flow because you know in a short time and when you get your money. Cash flow is indispensable for a business. Thanks to this, you can fund the domestic market,” Yağcı added…

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About İsmail Uğural

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