Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 16/07/2018 15:31 
06.12.2017 14:13 News >> Turkey To Carry Out New Reform Package İn Forex Area

Turkey To Carry Out New Reform Package İn Forex Area

25,000 Turkish firms have foreign exchange liabilities, Turkish Deputy PM says.

Turkey will carry out an important structural reform in the forex area, Turkish Deputy Prime Minister Mehmet Simsek said on Wednesday.

Speaking at a conference in Istanbul, Simsek said 25,000 Turkish firms have foreign exchange liabilities.

Of them, 23,000 have foreign exchange liabilities tallying $15 million and below, he added.

An important structural reform would soon be made in this area, Simsek said.

He said that volatility is high in terms of finance markets and its basis should be analyzed.

"It's important to resist the shocks," he said, adding that contrary to the early 2000s, the current economy was facing problems such as inflation, unemployment and current deficit.

"Despite that, we are talking about an economy which has a bright future in the long-term," he said.

Simsek said that the Turkish economy had faced several external shocks in the last 15 years and it could improve resistance with structural reforms against shocks.

"The global finance crisis affected everyone and it can be said that its effects are still being felt. The Eurozone debt crisis affected us much more than Brazil, China and Indonesia because the EU is our biggest trade partner.

"The geopolitical tension in the Middle East is a factor which pulls down Turkey. Especially the rise of a barbaric terrorist organization, Daesh, significantly affected Turkey direct and indirectly," Simsek said.

As of Wednesday, he said, the U.S. treasury had only requested information about one Turkish bank. -



        Latest News
Policeman Gunned Down İn Iraq's Mosul 20 minutes ago...
No group has yet claimed responsibility for deadly attack.
US Alliance, Peshmerga Hunt Down Daesh İn Northern Iraq 20 minutes ago...
Daesh still maintains a limited presence in northern and western Iraq.
Turkey, US See Manbij Deal 'Significant' For Syria 20 minutes ago...
Recep Tayyip Erdogan, Donald Trump discuss bilateral ties over phone.
8 Migrants Suffocate İnside Shipping Container İn Libya -24 minutes ago...
90 more migrants in critical condition found inside shipping containers.
Trump-Putin Summit Begins İn Helsinki -24 minutes ago...
Russian President Vladimir Putin offers to discuss ‘sore points’ at beginning of meeting.

 
      Top News
Update - Georgia: At Least 4 Miners Killed İn Mine Explosion Update - Georgia: At Least 4 Miners Killed İn Mine Explosion
Syrian Children Given Certificates For Memorizing Quran Syrian Children Given Certificates For Memorizing Quran
Update - Turkey's Unemployment Rate Falls To 9.6 Pct İn April Update - Turkey's Unemployment Rate Falls To 9.6 Pct İn April
Israel Conducts 40 Attacks Against Gaza Israel Conducts 40 Attacks Against Gaza
Turkey's Defeated Coup Bid Marked Across World Turkey's Defeated Coup Bid Marked Across World
Jerusalem Marks Anniversary Of Defeated Coup İn Turkey Jerusalem Marks Anniversary Of Defeated Coup İn Turkey
Public Anger Mounts İn Iraq's Basra Over Poor Utilities Public Anger Mounts İn Iraq's Basra Over Poor Utilities
Update - 9 Palestinians İnjured By Israeli Fire Near Ramallah Update - 9 Palestinians İnjured By Israeli Fire Near Ramallah
Turkish Representations Abroad Mark July 15 Turkish Representations Abroad Mark July 15
Iranian Health Minister Warns Against US Sanctions Iranian Health Minister Warns Against US Sanctions