Turkey Agreement Ends 2023

Subsequently, the “Lausanne II Conference”, whose work lasted three months, led to the signing of the “Treaty of Lausanne”, an international peace agreement, on July 24, 1923 at the “Beau Rivage Plus” hotel in Lausanne, southern Switzerland, the victorious powers after the First World War (including Great Britain, France and Italy) and the Ottoman Empire, who chaired his delegation to the conference, Ismet Inonu, and on the basis of which the Ottoman Empire was formally divided, and the Turkish Republic was founded under the presidency of Mustafa Kemal Atatürk. The Turkish lira is the second worst currency in the world this month, with a decline of more than 4 percent against the dollar, and it extends its losses for the year to more than 18 percent, Goldman Sachs reported. The US dollar is now buying 7.30 Turkish lira, well above the so-called psychological point of 1 dollar to 7.00 lira. Turkey`s recently released official unemployment rate for May is 12.9%, which means the rate is likely to be much higher for August, especially given the massive devaluation of the Turkish lira. However, the prestigious Turkish economist Mahfi Egilmez says that an unemployment rate of 24.6% “comes closest to reality”. Unemployment was 9.1% in 2011 and the target for 2023 to commemorate 100 years since the signing of the Treaty of Lausanne was 5%, which will certainly not be achieved. Indeed, unemployment in Turkey has risen only massively since Erdoğan announced the 2023 vision. Among many agreements, there was a separate agreement with the United States, the Chester concession….

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