Turkish Finance Minister Nuredin Nebati briefed the Turkish Banks Association, the BDDK banking authority and state-owned banks on the new low-interest rate economic model, the union said. The meeting takes place in the shadow of the slump of the Turkish pound, which on Friday recorded a new record low, exceeding the level of 17 pounds […]
Tag: Nurettin Nebati
Erdogan’s change of Ministry of Foreign Affairs disbands Central Bank’s efforts to save pound
Any possibility that the Turkish Central Bank (TCMB)’s first intervention in the pound in seven years would strengthen the currency has been dampened by Turkish President Recep Tayyip Erdogan’s decision to replace Finance Minister at midnight. The currency fell as much as 2.1 percent on Thursday, erasing all gains from the previous day, after Erdogan […]
The ‘groom”s man: A close associate of Berat Albayrak, the new Turkish Ministry of Foreign Affairs
A day that began with the official announcement of the Central Bank of Turkey for interventions in the foreign exchange market in an attempt to “put a brake” on the collapse of the Turkish pound, ended with Finance Minister Lutfi Elvan submitting his resignation to President Recep Tayyip Erdogan. An article in the Official Gazette […]
Turkish YPOIK resigns – Close associate of ‘groom’ Berat Albayrak the new YPOIK
A day that began with the official announcement of the Central Bank of Turkey for interventions in the foreign exchange market in an attempt to “put a brake” on the collapse of the Turkish pound, ended with the Finance Minister Lutfi Elvan to submit his resignation to President Recep Tayyip Erdogan. An article in the […]
Turkey: Albayrak’s groom associate the new YPOIK – The photo with Gulen, the tweet about God
A day that began with the official announcement of the Central Bank of Turkey for interventions in the foreign exchange market in an attempt to “put a brake” on the collapse of the Turkish pound, ended with the Finance Minister Lutfi Elvan to submit his resignation to President Recep Tayyip Erdogan. An article in the […]