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Mahfi Eğilmez

Economist, former Treasury Undersecretary · Turkey

Focus: Turkish economy, macroeconomics, inflation

Former head of the Turkish Treasury; his blog and posts explain the economy in plain language.

@mahfiegilmez

Week of

Summary written by AIsier from public statements. Where no verified statement exists for the week, the summary says so.

Mahfi Eğilmez is a former head of the Turkish Treasury and one of Turkey's most-read economists, known for explaining complex economic issues in plain language.

What has he been saying this past week?

He pointed out that when Turkey's central bank cut interest rates, the stock market fell instead of rising, which is the opposite of what normally happens. He says this signals a deep trust problem. He also warned that industry's share of the economy has shrunk from roughly 22-23% down to about 17%, calling it an alarm bell.

What does he actually mean?

He is saying that Turkey's economic troubles cannot be fixed with interest rate moves alone. Without restoring the rule of law and democratic institutions, he argues, confidence will keep draining away, and lower rates will not help.

Why does this matter for regular people?

When an economy grows on paper (about 3.7% in real terms) but inflation runs around 31%, your paycheck stretches less each month. The people hit hardest are those spending most of their income on basics like food and rent.

Based on a live scan of their X posts and the news.

What experts said about this asset

Turkish Lira (TRY)

Week of

Around late September 2026, in a blog post and interviews.

What did Mahfi Eğilmez say about the Turkish Lira recently?

He highlighted that Turkish companies owe roughly 401 billion dollars in foreign currency but hold only about 190 billion in foreign currency assets, leaving a gap of around 210 billion dollars. He warned that when the lira weakens, this gap turns into a growing burden on company balance sheets across the country.

What does he actually mean?

Think of it like a family that earns in lira but owes its mortgage in dollars. Every time the lira loses value, their monthly payment gets heavier even though their salary stayed the same. Eğilmez is saying this is happening on a massive, economy-wide scale.

Why does this matter for regular people?

If enough companies struggle under that foreign-currency debt, it can ripple into hiring freezes, price increases, and tighter bank lending, all of which touch your daily life, your job, and your grocery bill.

Based on a live scan of their X posts and the news.

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