Turkish finance chief Şimşek denies Central Bank intervention in exchange rate

Finance Minister Mehmet Şimşek has clarified that the claim about the Central Bank's intervention in the exchange rate by selling reserves based on a level target is not accurate.

In a statement on social media, Şimşek emphasized that they are dedicated to enhancing and making the capital markets and Turkish lira instruments more appealing.

He also shared the message that all challenges will eventually be overcome with time.