The Minister of Treasury and Finance, Mehmet Şimşek, stated, “We are on duty. We will continue to take all necessary steps for the healthy functioning of the markets.” Following a technical meeting between the Central Bank and the Turkish Banks Association, it was emphasized that all means within market rules will be effectively and decisively utilized to maintain stability.

Minister Şimşek, making a social media post, mentioned that measures have been taken regarding the recent developments in the economy. Evaluating the market developments in his post, Şimşek stated: “We are on duty. We will continue to take all necessary steps for the healthy functioning of the markets. Please do not pay attention to baseless news.”

Additionally, officials from the Central Bank of the Republic of Turkey (CBRT) and representatives of banks from the Turkish Banks Association (TBB) gathered to evaluate the recent market developments. According to an announcement on the TBB’s website, the officials from the Central Bank and representatives of banks from the TBB discussed the recent market developments. The technical meeting, hosted by the Central Bank on March 21, involved close collaboration between all relevant institutions to ensure that all means within market rules are used effectively and decisively for the continuity of stability.

A STATEMENT FROM PRESIDENT KARAHAN The President of the Central Bank, Fatih Karahan, stated that he will do everything necessary within market rules. Karahan emphasized, “We prioritize that the measures we take are market-friendly.” He used the phrase, “Our communication channels are constantly open.”