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  • 22-12-21

    Turkish currency heads in new path to find real balance

    (MENAFN) According to the Turkish Treasury and Finance Minister Nureddin Nebati, Nureddin Nebati statement on Tuesday, the Turkish currency is heading in a new direction where it is going to know its real balance.

    The official stated during a live interview with the TRT Haber news channel, "we have a strong economic model. The basis of our model is high growth and a low current account deficit."

    He declared, "Turkey will seize this historic opportunity. We will solve the current account deficit problem through achieving macroeconomic stability and increasing production and exports."

    He replied over the high fluctuations in trading rates witnessed during the latest weeks, "Turkey's macroeconomic indicators have no way of pushing the value of the US dollar against the Turkish lira that high. The Turkish lira is moving towards a level where it will find its true balance."

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