Minister of Finance: Turkey Intensifies Efforts to Increase Foreign Reserves

Turkish Finance Minister Mehmet Şimşek stated today, Tuesday, that "Turkey is intensifying its efforts to bolster foreign reserves in the central bank," noting that "the net international reserves at the bank rose to a record level of $8.5 billion last week." Şimşek tweeted from his official account, saying: "The return to traditional policies will continue gradually... We are accelerating our efforts to secure additional foreign resources for our country in order to further strengthen reserves." According to TCMB analytic balance sheet data, net international reserves saw the largest weekly increase in history, reaching $8.5 billion last week. The return to rational policies will continue gradually. Additional foreign resource procurement for our country to further strengthen reserves...