The NAS is there! President Erdoğan’s economic instrument to fight inflation
Turkish President Erdogan is a faithful Muslim and strongly objects to getting/paying interest. To reduce the (high) inflation rate, he declared in a speech at Parliament: “As long as I am in office, I will fight interest. The NAS is there.” The primary purpose of this chapter is to shed light on the nature of this concept and to find out whether there is indeed a NAS with the specific aim of curb