Addressing the board members of the ASKON business association, President Recep Tayyip Erdogan announced in Istanbul that next year the government will implement a new economic model for Turkey, Anadolu Agency reported.

According to him, this model must first be aimed at increasing employment and creating new jobs in Turkey, and its objective will be the sustainable development of the country’s economy.

Erdogan stated that he has instructed the government to set conditions in the Turkish economy under which both businessmen and ordinary citizens of the country will be able to plan their future for three years.

In this regard, the government will propose next year to fight against irrational changes in the lira exchange rate, which, according to the Turkish president, have nothing to do with the realities of the dynamics of the economy and the demand, and are temporary.

Erdogan assured that in 2022 the national currency will have a stable exchange rate in Turkey.

"There is no problem with the state budget. We sum up the year by even exceeding the forecasts. The Turkish lira is the primary basis for the government," he said.

Erdogan added that Turkish citizens currently have about 5 tons of gold, and that these resources need to be included in developing the country’s economy.