Minister Şimşek announced on his social media account that the Central Bank of the Republic of Turkey’s (CBRT) foreign exchange position has improved, with net reserves excluding swaps increasing by $26.7 billion since the beginning of April.
Şimşek stated, “Our program is working, the current account deficit is decreasing with rebalancing, macro-financial stability is strengthening, and confidence is increasing. The positive trend in reserves will continue with the decreasing external financing needs and accelerated inflow of external resources.”
source: aa.com.tr/ prepared by Melisa Beğiç
