Turkey-Ministry of Foreign Affairs: By mid-2023 inflation will fall in single digits

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Turkish Finance Minister Nuredin Nebati said today that inflation in the country would fall to single digits when it comes time for the presidential and parliamentary elections, scheduled for mid-2023, having climbed to a 19-year high of 36%. in December.

Speaking to NGO leaders in Istanbul, Nebati said the process of converting foreign currency deposits into Turkish pounds would be accelerated in the coming weeks.

The minister added that as of last night, more than 131 billion Turkish lira ($ 9.69 billion) had been deposited in accounts under a government mechanism that protects Turkish lira deposits from the devaluation of foreign currencies.

Source: ΑΠΕ-ΜΠΕ

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Source From: Capital

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