Turkey’s authorities have been making significant progress in implementing financial system reforms since June, according to Mehmet Simsek, the head of the government finance committee. Simsek stated in an interview with TRT Haber that the implementation process is expected to accelerate starting in June. The government aims to strengthen financial stability through the implementation of their economic program, and Simsek expressed confidence that international investors are also optimistic about Turkey’s program. He noted that last year, investors had many questions, but this year, there is no longer any skepticism or doubt as the program is proving successful. Simsek also commented on Turkey’s inflation rate, mentioning that it was at 68.5% in March, while the Central Bank aims to bring it down to 36%. In contrast, members of the April referendum campaign are anticipating inflation to reach 44.1% by the end of the year.

Source: News.am