Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu spoke with the press following the press conference which expressed the stance of TOBB and its 365 chambers and exchanges in 81 provinces and 160 counties against the coup attempt.

Pointing out that the credit rating institution Moody’s which has expressed that it will review Turkey’s credit note following the coup attempt, Hisarcıklıoğlu stated that analyst institutions have been wrong about the dynamism of the Turkish economy many times and will be wrong this time as well.

Stating that the institutions in question do not know Turkey well. Hisarcıklıoğlu said:

“These institutions have always been wrong about the Turkish economy, whether it be in regards to the private sector or the state’s economic structure or the robustness of its treasury. I would like to address these institutions: These institutions which paid no prices following the 2008 crisis, will they not pay a price today? Turkish democracy has passed an important exam with tis National Assembly on the 15^th and 16^th of July and continues to do so. I believe that this unity and democratic agreement will have a beneficial effect on the Turkish economy and that these organizations will fail in their assessments once again.”