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New Treasury and Finance Minister Comments Amid Significant TRY Weakening

TURKEY

Comments from treasury and finance minister Simsek come amid a 7.21% plunge in TRY against USD on the day so far:

  • “Our guiding principles for creating a more prosperous and resilient Türkiye will be transparency, consistency, accountability and predictability,” Treasury & Finance Minister Mehmet Simsek said in a series of Twitter posts.
  • "As we navigate through domestic and international challenges, we affirm our commitment to rules based policy making to enhance predictability”
  • “While there are no short cuts or quick fixes, rest assured that our experience, knowledge & dedication will help us overcome potential impediments ahead. Our immediate priority is to strengthen our team and design a credible program”

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