Turkish Treasury

The Turkish Central Bank has been using the legal authority given to it by laws to keep the foreign exchange markets under control and protect the value of the Turkish Lira, Treasury and Finance Minister Lütfi Elvan said on April 19.

"The Central Bank has been using the inflation targeting regime since 2006," Elvan said in an interview with news channel NTV.

The Turkish Central Bank has prioritized financial stability and protecting the national economy during the COVID-19 pandemic and conducted foreign exchange transactions transparently during this period, Governor Şahap Kavcıoğlu said on April 16.

The European Bank for Reconstruction and Development (EBRD) has said it is providing a new 400 million euro financing package for small-scale renewable energy and resource efficiency projects Turkey in a bid to support the country's continuous drive towards a low-carbon economy, in a written statement on Dec. 7.