Contact Us

Turkey's Erdoğan vows there will no longer be volatility in financial markets

"The froth will soon be removed from inflation. There will no longer be volatility in financial markets caused by unbalanced demand for foreign currency," Turkey's President Recep Tayyip Erdoğan stressed in his address to neighborhood administrators in Ankara on Wednesday.

Reuters ECONOMY
Published January 19,2022
Subscribe

Speaking during an event on Wednesday, Turkish President Recep Tayyip Erdoğan said there will no longer be volatility in financial markets caused by unbalanced demand for foreign currency.

In a speech to neighborhood administrators in Ankara, Erdoğan said the froth would soon be removed from inflation - which surged to an annual 36.1% in December.