“Stopping the volatility of the exchange rate, we are doing our best using the necessary economic instruments.
We offer new economic alternatives to citizens, ”RIA Novosti quoted him as saying.
According to him, the country plans to apply new rules on deposits in Turkish lira, and thus, "citizens will not have to convert lira into dollars."
“If the income from a deposit in lira is less than at the current dollar rate, then compensation will be paid,” he said.
Erdogan also added that "Turkish citizens have about $ 280 billion under their pillows."
The Turkish President stressed that "this money should work for the benefit of the economy."
On December 17, the Istanbul stock exchange resumed work an hour after the suspension of activities amid the collapse of the Turkish lira and shares.