Latest news and articles about turkish economy from NEX English
Turkish Finance Minister Mehmet Şimşek stated that the ongoing war has negative effects on the global economy, including Turkey's. However, he assured that the government is capable of managing these shocks effectively.
Turkish Finance Minister Mehmet Simsek stated that the economic effects of the war will be temporary and reversible, provided the ceasefire between the U.S. and Iran holds. He emphasized that the current economic shock is the largest since World War II.
Turkish energy sector sources announced a reduction in fuel prices, with gasoline and diesel prices lowered by approximately <strong>10 lira</strong> per liter. This decision comes after the commencement of a truce between the <strong>United States</strong> and <strong>Iran</strong>.
Turkish bankers revealed that the central bank's budget for this week will show foreign currency sales reaching approximately <strong>$20 billion</strong>, raising the total sales to <strong>$45 billion</strong>. These figures reflect the ongoing efforts of the central bank to support the Turkish lira and enhance the stability of the national economy amidst current challenges.