Minister of Treasury and Finance Berat Albayrak stated that those who have trusted and invested in Turkish lira assets since August 2018 have gained.
In his post on his Twitter account, Albayrak evaluated the comparative returns of financial investment instruments.
Drawing attention to the returns of the stock market and government domestic debt securities (GDDS), Albayrak said:
“Those who have trusted and invested in Turkish lira assets since August 2018 have gained. While the long-term GDS investors achieved the highest gain with 101.5 percent, the BIST 100 index gained a value of 33.3 percent. Those who invested in foreign exchange and speculative expectations gained a significant return.” missed.”
The highest return is from GDDS
Albayrak also included an infographic on the subject in his post.
According to the infographic showing comparative returns of financial investment instruments, the dollar and euro have lost 9.8 percent and 13.7 percent of their value against the Turkish lira, respectively, since August 31, 2018. During the said period, medium-term government securities provided 68.3 percent return to its investors.
In 2019, long- and medium-term government securities investors achieved returns of 39.1 percent and 34 percent, respectively.
Last year, BIST 100 index gained 29.7 percent in value. ,
Source: https://www.aa.com.tr/tr/ekonomi/bakan-albayrak-tl-varliklara-guvenenler-kazandi/1712348
