The Turkish economy has a strong structure to weather the effects of the fluctuations in the exchange rate level, Treasury and Finance Minister Berat Albayrak has said.
"The exchange rate goes down, it goes up. What is important is that Turkey manages all this volatility in a controlled way," Albayrak said in an interview with private broadcaster CNN Türk on Aug. 12.
Turkey is affected by global capital movements as much as other countries, the finance minister said on Aug. 12, referring to the Turkish lira losing ground.
"Turkey is affected much less than before from exchange rate volatilities," Berat Albayrak told CNN Turk.
Albayrak stressed Turkey is managing fluctuations in a controlled manner.
Turkish Foreign Minister Mevlüt Çavuşoğlu, Treasury and Finance Minister Berat Albayrak, Presidential Spokesperson İbrahim Kalın and National Intelligence Organization (MİT) chair Hakan Fidan visited Libya on June 17 for official meetings.
The delegation met with the U.N.-backed Government of National Accord (GNA) Prime Minister Fayez al-Sarraj.
The Turkish economy is expected to bounce back to a record 5 percent growth next year after contracting 3.8 percent in 2020, the Work Bank said in the latest issue of Global Economic Prospects report.
"The economy is expected to return to growth in 2021, on the back of gradual improvement in domestic demand," the bank said on June 8.
Turkey is working on a comprehensive "employment shield" package to support jobs in the face of the coronavirus fallout, said the country's treasury and finance minister on June 5.
Berat Albayrak told journalists in Istanbul, the country's commercial capital, that the issue of employment will top Turkey's normalization efforts.
The Turkish government is making preparations for an economic package to boost employment, Treasury and Finance Minister Berat Albayrak has said.
"The Family, Labor and Social Services Ministry is in a very comprehensive study on employment. We will also provide coordination support," Albayrak said on June 5 at a meeting with media members and economists.