Economic news

Turkish economy to return to ‘rational ground’, new finance minister says

2023.06.04 06:26


© Reuters. New Treasury and Finance Minister Mehmet Simsek stands during a press conference where Turkish President Tayyip Erdogan announced the new cabinet, in Ankara, Turkey June 3, 2023. REUTERS/Umit Bektas

ANKARA (Reuters) – Turkey’s newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to “rational ground” to ensure predictability in the economy.

President Tayyip Erdogan named Simsek to his cabinet on Saturday to tackle Turkey’s cost-of-living crisis and other strains, in a clear sign that his newly elected government would return to more orthodox economic policies.

In a handover ceremony, Simsek said the main goal of the new government will be to increase social welfare.

“Transparency, consistency, predictability and compliance with international norms will be our basic principles in achieving this goal,” Simsek said.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 83,705.43 0.79%
ethereum
Ethereum (ETH) $ 1,904.54 1.95%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.33 3.68%
bnb
BNB (BNB) $ 603.01 0.79%
solana
Solana (SOL) $ 129.48 4.42%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.705884 6.00%
dogecoin
Dogecoin (DOGE) $ 0.170222 3.79%
tron
TRON (TRX) $ 0.215189 3.44%
staked-ether
Lido Staked Ether (STETH) $ 1,902.21 1.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,600.40 0.73%
pi-network
Pi Network (PI) $ 1.41 3.49%
leo-token
LEO Token (LEO) $ 9.77 2.08%
chainlink
Chainlink (LINK) $ 13.69 2.34%
the-open-network
Toncoin (TON) $ 3.38 2.16%
usds
USDS (USDS) $ 1.00 0.01%
stellar
Stellar (XLM) $ 0.267678 2.66%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,281.07 1.76%
hedera-hashgraph
Hedera (HBAR) $ 0.189035 1.60%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 5.55%
avalanche-2
Avalanche (AVAX) $ 18.79 0.87%
sui
Sui (SUI) $ 2.26 4.19%
litecoin
Litecoin (LTC) $ 90.32 3.15%
mantra-dao
MANTRA (OM) $ 6.79 3.46%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.31 4.11%
polkadot
Polkadot (DOT) $ 4.29 2.35%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
weth
WETH (WETH) $ 1,905.88 1.92%
bitget-token
Bitget Token (BGB) $ 4.41 0.91%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999607 0.08%
hyperliquid
Hyperliquid (HYPE) $ 13.51 7.15%
whitebit
WhiteBIT Coin (WBT) $ 28.54 1.15%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,022.84 1.81%
monero
Monero (XMR) $ 210.60 0.69%
uniswap
Uniswap (UNI) $ 6.14 0.19%
susds
sUSDS (SUSDS) $ 1.04 0.07%
dai
Dai (DAI) $ 1.00 0.00%
aptos
Aptos (APT) $ 5.23 2.28%
near
NEAR Protocol (NEAR) $ 2.58 2.96%
okb
OKB (OKB) $ 48.05 2.32%
pepe
Pepe (PEPE) $ 0.000007 6.52%
mantle
Mantle (MNT) $ 0.816929 9.70%
internet-computer
Internet Computer (ICP) $ 5.68 1.84%
ethereum-classic
Ethereum Classic (ETC) $ 17.59 2.61%
ondo-finance
Ondo (ONDO) $ 0.837771 3.99%
gatechain-token
Gate (GT) $ 21.50 1.02%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,829.46 0.66%
aave
Aave (AAVE) $ 167.41 4.16%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.93 1.88%