Minister: Macro-financial stability to strengthen, and confidence to increase

Minister Şimşek announced on his social media account that the Central Bank of the Republic of Turkey’s (CBRT) foreign exchange position has improved, with net reserves excluding swaps increasing by $26.7 billion since the beginning of April.

Şimşek stated, “Our program is working, the current account deficit is decreasing with rebalancing, macro-financial stability is strengthening, and confidence is increasing. The positive trend in reserves will continue with the decreasing external financing needs and accelerated inflow of external resources.”

source: prepared by Melisa Beğiç

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