AKP's Tayyar cited the 'wealth loss' of the fund crisis: 'There is no mention of the political cost of the fund in the report.'

In his post on his social media account, AKP member Şamil Tayyar made a post about the funding crisis, which remains on the agenda of Türkiye.

Tayyar, who said that 'an economist friend with state experience' examined and compiled a report, listed the items as follows:

-The market value of companies traded on Borsa Istanbul decreased by 7 trillion 209 billion lira (154 billion dollars) between the end of August and October.

-The loss in publicly held shares is 2 trillion 959 billion lira. Approximately 2 trillion liras ($43 billion) of this is the direct wealth loss of domestic investors, that is, citizens.

-The size of the funds within the scope of liquidation is between 826-891 billion lira. The amount to be paid is approximately 193 billion lira.

-With the crisis, domestic investors are also withdrawing from the stock market. 105 thousand domestic investors left the stock market in September alone.

-Funds also started to shrink, the total size of the fund sector decreased from 1.3 trillion lira to 922 billion lira between 31 August and 16 September.

-Country risk premium increased. The risk premium, which was 204 basis points at the beginning of the year, reached 247 in September.

-Foreign exchange reserves melted. The foreign exchange reserve, which was 188 billion lira at the end of August, dropped to 162 billion lira in the last week of October.

-The amount of money returned to deposits after the crisis exceeded 800 billion lira.

The report does not mention the political cost of the fund.

Let me add that too.