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​Simsek Says Efforts to Increase FX Reserves Are Being Accelerated

TURKEY
  • Trading on the Borsa Istanbul remains closed for the Eid holidays. Markets re-open next Monday.
  • Turkey is accelerating efforts aimed at obtaining additional foreign resources for the country in order to further strengthen its reserves, Treasury and Finance Minister Mehmet Simsek said in a post on Twitter yesterday. He also announced that withholding tax exemption for FX-protected deposit accounts will be extended until the end of 2023.
  • There is no other notable news flow this morning.

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