Mehmet

Finance Minister Mehmet Şimşek has reiterated his "full support" for the country's Central Bank, as the bank announced additional monetary tightening measures to fight inflation.

Finance Minister Mehmet Şimşek has ruled out scenarios regarding the real depreciation of the Turkish Lira after the upcoming local elections.

"We do not have an exchange rate target. We are implementing a policy set which makes the lira attractive," Şimşek said in a televised interview on March 4.

Türkiye's foreign trade deficit continued to decline in February, the preliminary data from the Trade Ministry have shown.

The country's foreign trade deficit declined by 42.3 percent last month to $7 billion, after shrinking more than 56 percent in January to $6.2 billion.

Treasury and Finance Minister Mehmet Şimşek has held a series of talks at the first G20 finance ministers and central bank governors' meeting of the year in Sau Paulo, Brazil.

Treasury and Finance Minister Mehmet Şimşek has met with U.S. Treasury Secretary Janet Yellen on the sidelines of the G20 finance ministers and central bank governors' summit in Brazil.

"I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues," Yellen wrote on the social media platform X.

The Turkish economy grew by 4.5 percent last year after expanding 5.5 percent in 2022, the data from the Turkish Statistical Institute (TÜİK) have shown, slightly exceeding the government's forecast.

In the medium-term program, the government had predicted a growth rate of 4.4 percent for 2023.

Rule-based and predictable economic policies will continue after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has reiterated.

"We have clearly laid out the policies we will implement in our medium-term program," the minister wrote on the social media platform X on Feb. 27.

Türkiye has successfully completed technical studies to be removed from the Financial Action Task Force's (FATF) gray list, Treasury and Finance Minister Mehmet Şimşek has said.

The process will be finalized with an on-site assessment to be conducted in June, the minister wrote on X, formerly Twitter.

The current economic policies will continue to be implemented after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has said.

Türkiye will hold local elections on March 31.

The Treasury and Finance Ministry has started to collect information from tenants in order to accurately determine rental income.

The ministry, which sent letters to tenants asking for a meeting about rents, has now told tenants, "You do not need to come to the ministry, you can fill out a form online."