The Turkish lira has extended its losses against the dollar to more than 20% this year after the government said it was reluctant to approve interest rate hikes by the central bank to tame inflation faster than 1998. The pound fell 0.6% to 16.6 per dollar in Istanbul. The currency lost 44% of its value […]
Tag: Nurettin Nebati
Tragic situation in Turkey: Meat became more expensive by 48% in one day – Restaurants cut meat dishes
Bleeding for Turkish society is inflation, which soars uncontrollably. While Turkish Finance Minister Nurettin Nebati is complacent that the Turkish pound has nowhere else to go but to rise, Turkish citizens are forced to cut meat at a large rate. Sign urging consumers not to buy 1 kg of meat from Serbia but to buy […]
Turkish Finance Minister happy that pound has bottomed out: ‘It has nowhere else to go’
The Turkish pound has reached its lowest point against the dollar, Economy and Finance Minister Nuredin Nebati said with pride. “They expect the dollar to reach 25 or 30 against the pound. Why do this? The Turkish pound is at its weakest point, it has nowhere to go,” Nebati said in a televised interview with […]
Turkish Ministry of Finance: Rising energy prices are accelerating the rise of inflation
Turkish Finance Minister Nuredin Nebati said today that global energy prices were accelerating inflation, but that Ankara would continue to work to reduce it, adding that the recent fall in the pound was within “acceptable” levels. according to Reuters. Inflation reached 54% in February and economists expect it to continue to rise to 70% in […]
The Turkish Ministry of Finance expects a reduction in inflation from the summer – A new package of measures is coming
“The burden of inflation will remain for the whole of 2022,” Turkish Finance Minister Nurettin Nebati said in an interview with Habertürk. Despite this statement, the Turkish Ministry of Foreign Affairs noted that it expects inflation to decrease during the summer period. He went on to say that according to his estimates, inflation will reach […]
Turkish Ministry of Foreign Affairs points out the gold that is ‘under the mattress’ – Announces new measures
Turkish Finance Minister Nurettin Nebati will announce on Saturday measures to tackle price increases and bring gold “under the mattress” into the financial system, in a package that includes support from the Credit Guarantee Fund (KGF). according to Turkish media. Anadolu news agency reported that top corporate executives, bank executives and business representatives were due […]
The Turkish Ministry of Foreign Affairs spoke about ‘cultural differences’ in a meeting with foreign investors
Turkey expects the pound to remain close to current levels after the 2021 slump by 44% against the dollar, Finance Minister Nuredin Nebati told analysts and investors in London in a bid to gain confidence in Turkish assets. , as reported by Bloomberg. Government measures have helped restore confidence in the currency, Nureddin Nebati said, […]
Reuters: In the ‘eye of the cyclone’ the Turkish Minister of Foreign Affairs Nureddin Nebati
When asked last month by Turkey’s new Finance Minister Nureddin Nebati to give details of an initiative aimed at halting the collapse of the Turkish pound, he found an original way to explain his strategy. “I will not give a number now,” he told the surprised TV reporter. “Can you see in my eyes? What […]
Profits for the Turkish pound – Fall of inflation from May announced by the Turkish Ministry of Finance
The Turkish pound gained slightly on Friday after Turkish Finance Minister Nuredin Nebati said inflation would peak in January and start falling in May, reaching single-digit levels by June 2023, when elections are scheduled. According to Reuters, the pound gains 0.7% at 10.00 (Greek time) trading at 13.51 against the dollar. It weakened 44% last […]
Turkish Ministry of Foreign Affairs: Turkey is paving its own path in the fight against inflation
Turkey is prioritizing the fight against rising prices, putting aside “orthodox policies” and charting its own course, Finance Minister Nurettin Nebati said today in the wake of data showing that inflation had soared to a high 19 years in December at 36%, according to Reuters. Under pressure from Turkish President Recep Tayyip Erdogan, who is […]
