Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 10/07/2020 23:14 
08.11.2019 11:12 News >> Turkey Enters Rebalancing Period: Finance Minister

Turkey Enters Rebalancing Period: Finance Minister

Inflation rate to drop 12% as of end of this year, and to single digits in 2020, says Berat Albayrak.

Preliminary indicators show Turkey has entered a strong rebalancing period, the country's finance and treasury minister said on late Thursday.
In the last 15 months, Turkey after facing three major currency attacks took measures to lift the economy, Berat Albayrak told a gathering of business people in the Black Sea province of Ordu.
These attacks tried to reduce the value of the Turkish lira against other major currencies (U.S. dollar, U.K. pound, Euro) so as to rise the inflation rate and collapse the Turkish economy, he added.
However, Turkey came out stronger from the attacks and took measures to prevent a similar situation in the future, he said.
The inflation rate which rose to 25% last year, has dropped 8.55% now, he recalled.
"It will drop to below 12%, which is our target, as of the end of this year, in 2020 we will see single digits."
He went on to say that Turkey posted the highest current account surplus in its history in August at $5.1 billion.
*Writing by Gokhan Ergocun from Istanbul -



        Latest News
India: Boeing Delivers Final Apache Helicopters -25 minutes ago...
Boeing completes deliveries of 22 AH64 E Apache, 15 Chinook helicopters to India amid border tensions with China.
Hagia Sophia To Be Open For All: Turkish President -25 minutes ago...
Historical complex to be ready for worship as of July 24 at Friday prayer, once preparations concluded, says Erdogan.
Hagia Sophia To Be Open For All: Turkish President 5 minutes ago...
Historical complex to be ready for worship as of July 24 Friday prayer, once preparations concluded, says Erdogan.
Trump: 'I Don't Think About' Phase 2 China Trade Deal -40 minutes ago...
Relationship with China has been 'severely damaged', US president says.
Virus Dealt Basketball Serious Blow: FIBA Official -25 minutes ago...
FIBA Executive Director Europe Kamil Novak says impact of pandemic on every sports event was enormous.

 
      Top News
UK Politicians Urge Public To Wear Face Masks UK Politicians Urge Public To Wear Face Masks
Return Of PKK-Abducted Boy Encourages Sit-In Families Return Of PKK-Abducted Boy Encourages Sit-In Families
Turkey's Unemployment Rate Slightly Down In April Turkey's Unemployment Rate Slightly Down In April
Unsafe Roadside Medication Risks Public Health In Cameroon Unsafe Roadside Medication Risks Public Health In Cameroon
Rising Temperatures Will Not Curb COVID-19: Expert Rising Temperatures Will Not Curb COVID-19: Expert
Champions League, Europa League Last-16 Set For Home Champions League, Europa League Last-16 Set For Home
Spain Fights 73 COVID-19 Outbreaks As Cases Jump To 543 Spain Fights 73 COVID-19 Outbreaks As Cases Jump To 543
Bosnia Pays Tribute To 1995 Srebrenica Genocide Victims Bosnia Pays Tribute To 1995 Srebrenica Genocide Victims
Portuguese Envoy Praises Turkey's COVID-19 Measures Portuguese Envoy Praises Turkey's COVID-19 Measures
Palestinian Moms Suffer In Israeli Solitary Confinement Palestinian Moms Suffer In Israeli Solitary Confinement