The Emir of Qatar, who has a good relationship with the Turkish president Erdoğan, wants to help Turkey with investments of 15 billion dollars. According to him, the money will be used to finance economic projects – but according to Turkish government circles, the money will mainly flow into the financial markets.

Turkey is receiving support from Qatar in the midst of the severe currency crisis: the emir of the Gulf state, Tamim bin Hamad al-Thani, has promised Turkish President Recep Tayyip Erdoğan direct investments of 15 billion dollars. Qatar said the emirate would make a number of investments and finance economic projects. According to information from Turkish government circles, however, the money will mainly flow into the financial markets and go to banks.

Turkey and Qatar have traditionally maintained good relations with each other. The government in Ankara also held to the leadership in Doha when Saudi Arabia, among others, cut its diplomatic and economic relations with Qatar last year. A spokesman at Erdoğans advertised on Twitter for the cooperation announced on Wednesday. He emphasized that the Turkish economy is on safe ground and will be strengthened by recent developments. Experts on the financial markets had taken a completely different view in recent days and weeks.