Finance Minister Şimşek: Fully Committed to Price Stability

Finance Minister Mehmet Şimşek emphasized Turkey’s commitment to price stability at the Mid‑Term Programme International Media Meeting, addressing natural gas payments, exchange‑rate policy and sanctions.

Finance Minister Şimşek: Fully Committed to Price Stability

Natural Gas Payments Şimşek explained that while Turkey purchases natural gas from Iran, payments are not made directly to Iran.
Instead, they are processed through a dedicated account that covers only essential items such as food and medicine.
Exchange‑Rate Policy He noted that the desired goal is a free‑floating exchange‑rate regime, but that inflation and expectations remain high, making a transition from a managed‑float system to a fully free‑floating one premature.
Sanctions and Terrorist Financing Şimşek reaffirmed Turkey’s resolve against terrorist financing, money laundering, and attempts to circumvent sanctions.
He also highlighted the importance of constructive dialogue with the United States.
Event Details The meeting took place at the Presidential Complex.
Vice‑President Cevdet Yılmaz and Presidential Strategy and Budget Chief İbrahim Şenel joined Minister Şimşek to meet with the press.

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