Government's Commitment to Market Stability

In the wake of a significant drop in the Istanbul stock exchange, Turkish Minister of Treasury and Finance, Mehmet Simsek, reassured the public on Wednesday. He stated that the government is making every effort to ensure the markets function healthily. This declaration comes at a time when the Turkish lira has reached its lowest point ever against both the euro and the dollar, a situation exacerbated by the political crisis following the arrest of Istanbul Mayor Ekrem Imamoglu in a corruption investigation.

Continued Economic Program

Simsek further emphasized that the economic program currently being implemented by the government is proceeding with determination. This statement aims to instill confidence in the market and among investors, highlighting the government's resolve to navigate through these challenging times and stabilize the economy.