Vice President Cevdet Yılmaz addressed allegations of a $25 billion reserve loss, stating that “there was a certain loss in reserves. Certain institutions took steps to prevent temporary market fluctuations.”

Vice President Cevdet Yılmaz evaluated the economic effects of the process that started with the arrest of Istanbul Metropolitan Mayor Ekrem İmamoğlu.

“THERE MAY BE SOME FLUCTUATION” Yılmaz said: “There was a certain loss in reserves. Our Central Bank took necessary proactive actions, as well as our Capital Markets Board and other relevant institutions. They did the right thing. There may be some uncertainty in market expectations as market actors wait to see what will happen. I don’t expect it to be too extreme. There may be 1 point, 2 points, a deterioration in inflation expectations, or the effects of exchange rate movements. But I do not expect an exaggerated impact.” Reacting to CHP Chairman Özgür Özel’s call for boycotts against some companies, Cevdet Yılmaz deemed it “a very dangerous and harmful discourse.”

CRITICISM OF DEM PARTY Minister Yılmaz, speaking on a program on Habertürk, also had the goal of “a Turkey without terrorism” on his agenda. Stating that the terrorist organization should implement the call from İmralı, Yılmaz criticized the DEM Party for not fulfilling their responsibilities enough, saying: “I believe DEM Party members are not doing what they should. They should say that they are calling for the same thing as the founder of your terrorist organization, who said ‘Gather and disband yourselves’. As a party advocating for democratic politics, they should make the same call.”